Leasing the seabed to offshore wind developers was the most profitable business last year for The Crown Estate Ltd., the company that generates income for Queen Elizabeth II.
Earnings from the clean-energy technology in 2017 jumped 32 percent from the previous year to 37 million pounds ($48 million), according to a statement. The gain boosted the investor’s energy, minerals and infrastructure portfolio income by 20 percent.
The U.K. is a world leader in offshore wind with more turbines in the sea than any other nation. At least one machine was installed every day in 2017, making up ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.