The Scottish government is in line for a windfall of almost £700m after the largest ever auction of the country’s seabed plots attracted bids from big oil and renewable energy companies hoping to build next generation windfarms.
Crown Estate Scotland has awarded oil companies including BP and Shell, and renewable energy veterans Scottish Power and SSE, permission to lease the Scottish seabed where they plan to build enough windfarms to power the equivalent of 23m UK homes a year.