Fees for accessing UK seabeds help boost profits to £443m while King Charles says some of surplus will go towards public good

The crown estate has generated record profits of almost half a billion pounds from Britain’s offshore windfarms, as talks continue over how much of the windfall should be shared with King Charles.

The royal property manager made £443m in profits in its last financial year, up by almost £130m from the year before, in large part thanks to payments made by renewable energy companies for the right to access the seabed.