Ans: about £8bn worth.
The firm owns the very visible assets of Regent Street and St. James. It also owns Windsor Great Park.
Less well known, is that the Crown Estate also owns most of the sea bed around the UK out to 12 nautical miles (a nautical mile is roughly 1.85 km, contrasting with a "regular" mile of 1.6 km).
The Energy Act of 2004 also granted the Crown Estate the right to license renewable energy generation within these limits.
Companies involved in developing these offshore wind farms include Centrica Renewables and Dong Energy (headquartered in Denmark), which has a 50% stake in the London Array.
The Crown Estate can also grant leases for CCS (Carbon Capture and Storage) projects which store unwanted carbon dioxide under the sea bed.
It can also grant leases for wave and tidal projects linked to its ownership rights over the sea bed. The Estate has so far leased over 40 sites for tidal energy projects.
The firm owns the very visible assets of Regent Street and St. James. It also owns Windsor Great Park.
Less well known, is that the Crown Estate also owns most of the sea bed around the UK out to 12 nautical miles (a nautical mile is roughly 1.85 km, contrasting with a "regular" mile of 1.6 km).
The Energy Act of 2004 also granted the Crown Estate the right to license renewable energy generation within these limits.
Companies involved in developing these offshore wind farms include Centrica Renewables and Dong Energy (headquartered in Denmark), which has a 50% stake in the London Array.
The Crown Estate can also grant leases for CCS (Carbon Capture and Storage) projects which store unwanted carbon dioxide under the sea bed.
It can also grant leases for wave and tidal projects linked to its ownership rights over the sea bed. The Estate has so far leased over 40 sites for tidal energy projects.
No comments:
Post a Comment