Plaid Cymru has renewed calls for the devolution of the Crown Estate to Wales following the announcement of record £1.1bn profits earlier today (24 July).

The Crown Estate said earnings surged by more than £658 million during the year ending March 31, from £443 million the previous year.

The spike in profits was mainly down to option fees, payments made by companies to reserve a patch of the seabed to eventually build their wind turbines on.