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Scotland risks "squandering" profits from its offshore wind farms as the majority are being built by foreign investors, the SNP Government has been warned. ‌

An industry report found just four of the 29 parent companies involved in ScotWind are headquartered in the UK, which own less than a quarter of total capacity. The rest are controlled by firms based abroad - meaning their profits flow overseas. ‌

ScotWind is the name given to the leasing of Scotland’s seabed to companies who want to build offshore wind farms. In 2022, the SNP Government awarded rights to develop 20 new offshore projects expected to deliver around 30GW of capacity. ‌

Analysis by the Future Economy Scotland think-tank has now revealed for the first time who owns the companies involve

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