Offshore wind auction could raise millions for Queen
by Juliette Garside and Jillian Ambrose from Environment | The Guardian on (#4KAQZ)
Crown Estate holds rights to seabeds around British Isles for wind and wave power
The Queen's property managers will this week set out terms for the world's biggest offshore wind auction in a decade.
Industry experts expect the complex bidding process to raise record sums, which could increase energy bills and hand a windfall to the crown - potentially generating hundreds of millions for the Queen.
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