04 Oct 2022
Following a bid assessment process, The Crown Estate has selected 12 areas of seabed as potentially suitable for the extraction of marine aggregates, all of which lie within English waters. This is an increase from eight areas selected in the 2018/19 tender round, reflecting the highest level of market interest for over a decade. […]
29 Jul 2022
Marine – Technical study into the limitations for installation, layout & footprint of electricity transmission cables The Crown Estate is an independent commercial business, created by Act of Parliament to manage a portfolio of property, land & marine assets. Our portfolio is one of the largest in the UK and includes the whole […]
19 Jul 2022
Plans for the UK to meet its net zero and energy security commitments have received a major boost as six fixed offshore wind projects, with the potential to generate renewable electricity for more than 7 million homes, have been given the green light by the Secretary of State for Business, Energy and Industrial Strategy to […]
05 Jul 2022
The Crown Estate has announced the potential locations of floating offshore wind development in the Celtic Sea. TCE has identified five ‘areas of search’ off the coasts of Cornwall and Wales with the intention to lease refined areas within these via competitive tender in mid-2023. The Crown Estate said in its press release that: ‘In […]
21 Jun 2022
The Crown Estate has announced that Gus Jaspert has been appointed into the role of Managing Director of Marine, starting in October this year. The role is currently held by Huub den Rooijen who will be retiring after ten years at The Crown Estate. Huub will be stepping into an advisory role once Gus is […]
21 Jun 2022
The Crown Estate has announced a net revenue profit of £312.7 million for the financial year 2021/22 Results summary: Net revenue profit: £312.7 million generated for the public purse, which is £43.4 million higher than last year. Total return performance: 12-month total return is 12%, outperforming annual bespoke benchmark of 9.9%. On a three-year rolling basis, it […]
07 Jun 2022
A new international data collation exercise has brought together disparate seabed biodiversity data from across the North Sea into a central data set, helping to drive forward the sustainable expansion of offshore wind and to identify how biodiversity net gain can be delivered in tandem. The North Sea Net Gain study, led by The Crown […]
07 Jun 2022
The Crown Estate has committed a further £25 million into its Offshore Wind Evidence and Change Programme, bringing the total investment intent up to £50 million. There are 23 projects in the current portfolio representing £33milion of funding – £22million from The Crown Estate’s core investment fund, and £11million of co-funding or in-kind contributions. The […]
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