The Crown Estate for England, Wales, and Northern Ireland, has awarded an Agreement for Lease to BP for what it said could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement will allow BP to further progress its planned ‘Endurance’ CCS project, a reservoir in the rock deep below the […]
A dispute between BP and Orsted over an area of seabed earmarked for both carbon storage and offshore wind is set to come to a head this year as both approach key milestones. Orsted intends to build its 180-turbine Hornsea Four wind project in an area of sea around 40 miles off the Yorkshire coast, […]
Guardian: Queen’s property manager banks huge windfarm bonanza The Treasury are in line for a multibillion-pound bonanza from renewable energy, after a major auction of seabed plots for windfarms off the coasts of England and Wales attracted runaway bids. The Crown Estate, which manages the monarch’s property portfolio, holds exclusive rights to lease the seabed […]