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Scottish seabed windfarm auction set to bring in £860m – The Guardian

Government of Scotland in line for windfall after lifting cap on maximum bids



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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.
Danish energy giant Ørsted will be among the firms vying for 8,600sq…

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