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by Martin Delgado and Christopher Leake,
The Royal Family have secured a lucrative deal that will earn them tens of millions of pounds from the massive expansion of offshore windfarms. They will net up to £37.5?million extra income every year from the drive for green energy because the seabed within Britain’s territorial waters is owned by the Crown Estate.
Under new measures announced by Chancellor George Osborne last week, the Royals will soon get 15 per cent of the profits from the Estate’s £6?billion property portfolio, rather than the existing Civil List arrangement.
Experts predict the growth in offshore windfarms could be worth up to £250?million a year to the Crown Estate. There are already 436 turbines in operation around the UK’s 7,700-mile coastline – but within a decade that number is set to reach nearly 7,000.
Prince Charles is a vociferous campaigner for renew able energy sources such as these, but is opposed to turbines being erected on land – particularly near his own homes.
He has described windfarms as a ‘horrendous blot on the landscape’ and has refused to have any built at his Highgrove home or on the Duchy of Cornwall estate.
But he has expressed enthusiasm for sitting them offshore. (more…)