© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Queen’s property manager and Treasury to get windfarm windfall of nearly £9bn

BP among the winners in auction of offshore seabed rights for next decade

The Queen and the Treasury will receive an offshore windfarm windfall of almost £9bn over the next decade, after a major auction of seabed plots attracted runaway bids from energy companies including the oil company BP.

The crown estate’s first auction of its seabed licences in a decade will earn the Queen’s property manager £879m a year, for up to 10 years, and clear the way for six new offshore windfarms and enough clean electricity generation for more than 7m homes.

Continue reading…

Related posts

Liz Truss’s entitlement to ex-PMs’ £115,000 annual grant sparks anger

AEA3

‘Johnson on the brink’: what the papers said about Boris Johnson’s cabinet resignations

AEA3

Vladimir Putin pays surprise visit to occupied Mariupol in Ukraine

AEA3

Pin It on Pinterest

Share This