Scottish government set for windfarm windfall of up to £860m
by Jillian Ambrose Energy correspondent from on (#5FRAQ)
Government of Scotland in line for windfall after lifting cap on maximum bids
The Scottish government is in line for a windfall of up to 860m from a forthcoming auction of Scottish seabed plots for windfarms, after lifting a cap on maximum bids following a runaway auction in England and Wales.
Crown Estate Scotland had planned to cap the amount developers could offer for a seabed lease at 10,000 per square kilometre, but under new rules the bidding will be allowed to swell to a maximum 100,000 per sq km.
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