Energy and Climate Change written question – answered at on 18 July 2011.
To ask the Secretary of State for Energy and Climate Change what the monetary value is of energy produced from offshore wind farms on the Crown Estate; and what the expected income from offshore wind farms on the Crown Estate is for the next 10 years.
I have been asked to reply.
No estimate is available for the current value of the energy generated in offshore wind farms on Crown Estate property.
Estimates of future revenue are very uncertain because of a number of factors which cannot readily be forecast. Using DECC assumptions of July 2009, the Crown Estate's illustrative projections are that by 2020 its rental income from all renewable offshore activity could lie in the wide range £60 million to £200 million. The eventual amounts will be payable to the Exchequer, net of Crown Estate costs. No more recent assessments are available.
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