LONDON, March 26 (Reuters) - King Charles III's Crown Estate, which owns Britain's seabed, said on Thursday it plans to hold a new offshore wind leasing round in the first half of next year. The Crown
Britain’s Crown Estate Announces Sixth Offshore Wind Leasing Round in 2025
Key Details of the Upcoming Offshore Wind Leasing Round
Announcement and Timeline
LONDON, March 26 (Reuters) - King Charles III's Crown Estate, which owns Britain's seabed, said on Thursday it plans to hold a new offshore wind leasing round in the first half of next year.
About the Crown Estate
The Crown Estate, which comprises tracts of land and most of the country's seabed, is an independently run, commercial business, whose profit - seen as the benchmark for the level of public funding for the royal family - goes to the UK Treasury.
Details of the Sixth Leasing Round
Capacity and Location
The next leasing round, which would be the sixth to date, could accommodate a capacity of 6 gigawatts or more, largely in the northeast of England and in water depths suitable for fixed-bottom wind, subject to stakeholder engagement, the Crown Estate said in a statement.
Current Offshore Wind Pipeline
The UK’s offshore wind pipeline is one of the largest in the world, with current capacity of nearly 17 GW and a further 12 GW under construction.
Reporting Credits
(Reporting by Nina Chestney; Editing by Joe Bavier)
