Greenpeace Threatens to Sue Crown Estate
Greenpeace UK is threatening to take legal action against the Crown Estate for alleged "monopoly profiteering" in offshore wind, claiming it hampers the industry and increases bills.
The Crown Estate, which manages the King's land and property, generates income from leasing seabed to offshore wind developers through auctions.
Greenpeace claims the Crown Estate's "monopoly profiteering" is at the expense of bill payers and offshore wind developers.
- The Crown Estate runs auctions to lease blocks of seabed to offshore wind developers.
- Greenpeace has warned the Crown Estate to stop "monopoly profiteering" or face legal action.
This warning comes ahead of the UK's Allocation Round 7 auction, where energy firms will bid for seabed plots to build new windfarms.
Author's summary: Greenpeace may sue Crown Estate over wind profiteering.
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