The Crown Estate appoints advisors
The Crown Estate has named law firms Hogan Lovells International, and Bond Dickinson, to advise on its Energy, Minerals and Infrastructure portfolio.
Hogan Lovells will advise the Crown Estate’s renewable energy business, which includes wave and tidal portfolio, in addition to offshore wind that now meets around 5% of the annual UK electricity requirement.
Bond Dickinson will advise on minerals and infrastructure business, including interests in marine aggregates and subsea cables and pipelines, The Crown Estate informed.
The appointments follow a tender process which began in September 2016.
The Crown Estate is an independent commercial business, created by Act of Parliament that manages £12 billion UK’s property portfolio, including leasing the areas of the seabed and managing the associated seabed rights for wave and tidal energy projects.
As an active manager of the seabed in Scotland, the Crown Estate has leased more than 30 sites for tidal current and wave projects in the UK, according to the estate.