To ask the Chancellor of the Exchequer, what is the total revenue raised for his Department was by The Crown Estate’s auctioning of Offshore Wind leases in territorial waters around the coast of Wales.
30 June 2021
The Crown Estate’s Offshore Wind Leasing Round 4 has not yet concluded and therefore no revenue has yet been received. Future revenue raised will depend on the outcome of the upcoming plan-level Habitats Regulations Assessment, as well as how developers subsequently progress potential projects through to construction.
The Crown Estate publishes its financial returns in relation to all its activities on an annual basis. This includes a separate report on its activity in Wales - as set out in The Crown Estate’s most recent Wales Highlights Report, total revenue from offshore renewables in Wales in 2020-21 totalled £3.3 million, (£3.4 million in 2019-20). Figures are not published for individual leasing rounds. (https://www.thecrownestate.co.uk/media/3872/wales-highlights-2021-final.pdf)