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.
