Crown Estate: Great British Energy
The question
To ask the Chancellor of the Exchequer, how much revenue the Crown Estate will generate from the partnership with GB Energy.
Answered by James Murray
Like other commercial businesses, The Crown Estate does not provide forecasts of its future profits.
As announced in July 2024, Great British Energy and The Crown Estate will work together to accelerate the development of the seabed and supporting infrastructure along the coast of England, Wales and Northern Ireland, creating a pipeline of sites for private developers to invest in.
In September 2024, The Crown Estate set out its approach to future offshore wind in a report jointly published with Great British Energy. This established early thinking on a more strategic approach to leasing the seabed for future offshore wind development.
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