The profit from the Royal Family’s land and property holdings more than doubled to a record £1.1bn, significantly boosted by offshore wind initiatives.
The King’s eco-friendly policies include converting State Bentleys and helicopters to bio-fuel.
Earnings surged by £658m last year, thanks to the Crown Estate’s ownership of most of Britain’s seabed up to 12 nautical miles from the mainland.
This seabed is leased to wind farm operators, and a rise in companies securing leases to build turbines led to the substantial profit increase.
The Crown Estate currently boasts over 11 gigawatts of generating capacity from 36 offshore wind farms, with plans to add another 20 to 30 gigawatts by 2030.
Chief Executive Dan Labbad attributed the “record results” to “years of commitment and investment” in the sector.
Meanwhile, King Charles has maintained his environmental efforts since ascending to the throne, with plans to convert the two State Bentleys to bio-fuel as an “interim measure” while discussions for fully electrifying the next …