M

Member

Speaking in the House of Lords on 14 October 2024

Debate

Crown Estate Bill [HL]

Contribution

For instance, floating wind test and demonstration sites prioritise innovation and enabling new technology over immediate financial returns. Although the initial commercial return may be lower, the long-term value from floating wind for the nation will lead to greater value over time. The Crown Estate structured the commercial terms for the Morlais tidal stream demonstration to support technology development and invested over £2 million in data-gathering to benefit the wider tidal stream sector, with a view to realising longer-term financial and social value.

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