Crown Estate grants leases for floating windfarm off Wales

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Crown Estate grants leases for floating windfarm off Wales
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  • 📰 The Guardian
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Erebus project in Celtic Sea adds to Queen’s multi-million windfall through expected auction of offshore leases

in 10 years. The profits will go to the Treasury, which will then send 25% back to the royal household in the form of the sovereign grant.developers because the technology allows projects to move ahead even in very deep waters where fixed seabed foundations would be too costly to build., has estimated that the floating offshore wind industry could create 17,000 jobs and provide an opportunity to export new skills and technologies to other countries surrounded by deep coastal waters.

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