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Crown Estate earns £1.2bn for third year running, two-thirds from offshore wind
The Crown Estate made £1.2bn in profit for a third consecutive year, almost triple its earnings three years ago, with offshore wind driving two-thirds.
The Crown Estate, which manages King Charles's portfolio of land and property, posted £1.2bn in profit for its latest financial year, making it the third consecutive year above £1bn. That figure is almost three times what the estate earned three years ago.
The surge is largely driven by offshore windfarms, which contributed two-thirds of total profit and are funded through consumer energy bills.
Why it mattersConsumers funding offshore wind through their energy bills are effectively subsidising a royal property windfall that has nearly tripled in three years.
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