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 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 "monopoly profiteering" is exploiting bill payers and offshore wind developers.
- The UK arm of Greenpeace has warned the Crown Estate to stop "monopoly profiteering" or face legal action.
- The warning comes ahead of the UK's Allocation Round 7 auction for seabed plots to build new windfarms.
Author's summary: Greenpeace may sue Crown Estate over wind profits.