Crown Estate reports £200m profit from Welsh assets, driven by offshore windfarm deal

Summary

The Crown Estate generated £200m in profits from its Welsh assets in the last year, driven largely by option fees from companies involved in the planned 1.5GW Mona offshore windfarm development in the Irish Sea, which is being developed by a joint venture including BP. The financial figures were published as part of a more transparent approach by the corporation. The Royal Family receives 12% of the income from Crown Estate assets in England, Wales and Northern Ireland, with the remainder going to the UK Treasury.

Source

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bskyCrown Estate reports £200m profit from Welsh assets, driven by offshore windfarm dealwalesonline.co.uk