Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening to take legal action against the Crown Estate, alleging "monopoly profiteering" that hampers offshore wind development and increases bills.
The Crown Estate, which manages the King's land and property, generates income from leasing seabed blocks to offshore wind developers through auctions.
Greenpeace claims the Crown Estate's actions are "monopoly profiteering" at the expense of bill payers and offshore wind developers.
- The warning comes ahead of the UK's Allocation Round 7 auction, where energy firms will bid for seabed plots to build new windfarms.
- The Crown Estate provides revenue to the Treasury and the Royal Household.
Author's summary: Greenpeace may sue Crown Estate over offshore wind profiteering.