The Crown Estate

On behalf of the nation, The Crown Estate manages a highly diverse £6 billion property portfolio across the UK.  We have extensive marine assets including virtually the entire seabed out to 12 nautical miles where we issue leases for the development of windfarm sites within this limit. The Energy Act 2004 gives us the right to issue leases for marine renewable development beyond the territorial limit within the Renewable Energy Zone (REZ) out to 200 nautical miles as well methane gas and carbon dioxide storage. To date we have run the world’s first wave and tidal commercial leasing round and four rounds of offshore wind development. Developers’ appetite in the UK offshore wind industry has driven a commitment of just under 50GW through to 2020 and beyond. The largest is Round 3, which aims to deliver over a quarter of the UK’s energy needs in 2020. In early 2011 we will hold a second series of offshore wind supply chain events.

We are above all a commercial organisation balanced with a strong sense of stewardship, who takes the responsibility to manage our assets sustainably very seriously. Our job is laid down by Parliament: to enhance the value of the estates we manage and to earn a surplus for the benefit of the nation. Our multi-billion pound property and land portfolio annually contributes over £200 million to the Treasury.

www.thecrownestate.co.uk


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