18 Mar 2025
The UK Government has said that a new Crown Estate Act will ‘help to drive economic growth further and faster, deliver a greater financial return for the taxpayer and unlock vital funding for public services.’ The Crown Estate has been granted borrowing and new investment powers to future proof the organisation, including supporting offshore wind […]
07 Jan 2025
Fishermen in Cornwall fear proposals for offshore wind farms could destroy their businesses and pose the “greatest change” the fishing industry has ever faced. David Stevens, a fisherman and member of the Cornwall Fish Producers Organisation, says the proposals for the area where he fishes would “close down around 60% to 70%” of the waters. […]
26 Nov 2024
Backed by a £7.3 million investment through the Offshore Wind Evidence and Change Programme (OWEC), the Crown Estate is partnering with a range of expert bodies across the UK to launch five new projects that they say will accelerate the nation’s path towards a net-zero and energy-secure future, whilst enabling marine and coastal ecosystems to […]
07 Oct 2024
The Crown Estate has awarded an Agreement for Lease to global energy company, Eni, for the first carbon capture and storage project in the UK to repurpose existing pipeline infrastructure, reducing both cost and the environmental impact of construction. The Agreement for Lease will enable Eni to access the seabed and repurpose existing pipelines and […]
20 Feb 2024
The Crown Estate has concluded the Habitats Regulations Assessment (HRA) for the Celtic Sea floating offshore wind leasing process. The HRA covers the three Project Development Areas (PDAs) which are being made available through the Round 5 leasing process, and which will see commercial-scale floating wind farms established in the Celtic Sea for the first […]
19 Feb 2024
Vaughan Gething, a front runner for Welsh Labour leader and First Minister, has set out his vision for the future of Welsh devolution. As First Minister, Vaughan Gething would seek more powers for Wales, and share more powers within Wales. Vaughan said: “If I am elected Welsh Labour leader and First Minister, responsibility for the […]
12 Dec 2023
The Crown Estate has set out further details of a new leasing round for commercial-scale floating wind projects in the Celtic Sea off the coast of South Wales and South West England. The projects have the potential to deliver enough clean, renewable energy for more than four million homes. The new wind farms will have […]
04 Jul 2023
Profits from the British monarchy’s multibillion-pound legacy portfolio of land and property holdings have surged 42 per cent. The Crown Estate, which owns the seabed surrounding Wales, Northern Ireland and England up to 12 nautical miles, announced record £442.6 million net revenue profit, £129.9 million higher than last year. This increase primarily reflects option fee […]
