Get all your news in one place.
100's of premium titles.
One app.
Start reading
Wales Online
Wales Online
National
Max Channon

Wales won't receive £43bn windfall from offshore windfarms, says Plaid Cymru

Plaid Cymru has renewed calls for the Crown Estate to be devolved to Wales, following the announcement that the UK Treasury could earn £43bn in rents from five newly planned wind farms off the coast of Wales.

It comes after the Crown Estate announced plans to generate 4GW of electricity through floating winds farms off the coast of Wales, the tender for which will start in 2023. They say that this will create 29,000 jobs - but Plaid Cymru says only 10,000 of these will be in Wales.

And the Welsh nationalist political party says that powers over the Crown Estate in Wales are still held in Westminster - which means its revenues "disappear" into the HM Treasury, "after a 25% cut for the Royal family".

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.