Tag Archives: U.K.’s Offshore Wind Farms

Queen Elizabeth Makes Millions from U.K.’s Offshore Wind Farms

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 ($49 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,,, >click to read<