Greenpeace Threatens Legal Action Against Crown Estate
Greenpeace UK is threatening to sue the Crown Estate over its alleged "monopoly profiteering" in offshore wind, which they claim is driving up bills.
The Crown Estate, which manages the land and property belonging to the King, generates income from leasing blocks of seabed to offshore wind developers.
Greenpeace claims that the Crown Estate's "monopoly profiteering" is hampering offshore wind and pushing up bills.
- The Crown Estate runs auctions to lease blocks of seabed to offshore wind developers.
- Greenpeace has warned the Crown Estate that it may take legal action unless it stops "monopoly profiteering" at the expense of bill payers and offshore wind developers.
This warning comes ahead of the UK's Allocation Round 7 auction, where energy firms will bid for plots of seabed to build new windfarms.
Author's summary: Greenpeace may sue Crown Estate over wind profiteering.