Article 67Z6B King Charles redirects £1bn windfarm profits towards ‘public good’

King Charles redirects £1bn windfarm profits towards ‘public good’

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from World news | The Guardian on (#67Z6B)

Wind energy agreements have generated windfall that would normally go towards monarchy

The King has asked for profits from a 1bn-a-year crown estate windfarm deal to be used for the wider public good" rather than as a funding boost for the monarchy.

Under the taxpayer-funded sovereign grant, which is currently 86.3m a year, the King receives 25% of the crown estate's annual surplus, which includes an extra 10% for the refurbishment of Buckingham Palace.

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