UK’s king asks windfarm deal profits be directed to public
LONDON (AP) — King Charles III has asked that annual profits from a 1 billion-pound ($1.2 billion) Crown Estate windfarm deal be used for the public good rather than the royal family.
The Crown Estate confirmed Thursday that it had signed lease agreements for six offshore wind projects. Such a windfall would normally lead to a jump in funding for the royals under complex arrangements that support the activities of the monarchy in the U.K.