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Bangkok Post
Bangkok Post
World

King Charles to give back profit from wind farm deal

Two fishermen sit in their boat at the Gunfleet Sands Offshore Wind Farm near Clacton-on-Sea, about 95 kilometres northeast of London. Most of the seabed around the UK is included in the property portfolio of the royal family. (Reuters File Photo)

LONDON: King Charles has told the British government he would like an expected surge in profit from a wind farm deal worth £900 million ($1.1 billion) a year for his Crown Estate to go to the “wider public good” rather than to the royal family.

Under agreements announced on Thursday, the Crown Estate will lease sites for six new offshore wind projects that are capable of generating enough green electricity to power more than seven million homes by 2030.

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