British crown reaps returns on offshore wind

The British monarchy has made gains by leasing crown land to offshore wind projects.

Photo: /ritzau/AP/Kirsty Wigglesworth

The British monarch has earned millions of pounds by leasing crown land to offshore wind farms, reports Financial Times.

The latest figures published by the Crown Estate, which manages a land and property portfolio on behalf of the monarchy, show that the monarch booked revenue of GBP 467.7 million in 2017, and the best performing investments stemmed from its GBP 1.4 billion energy, minerals and infrastructure portfolio. The portfolio has increased from GBP 1,124 billion the year prior and now corresponds to 11 percent of the monarchy's total assets.

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