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FunFact
In Scottish offshore wind farms, there’s not one but six foreign-state operators
Renewable energy: Scotland's wind is making huge profits, but for China, France, Ireland, Sweden, Norway....
Energy-rich Scotland is generating record profits for state-owned companies. That’s not an absurdity of capitalism, it’s a failure of government.
I don’t mind state ownership
But where’s the national energy company we were promised and that even Wales is now delivering?
SNP fail
The six state is United Arab Emirates
Norwegian state are joint owners of the Hywind field along with Masdar which is owned by the government of the United Arab Emirates
the enormous profits generated for many energy companies as a result aren’t even benefiting the Scottish or UK taxpayer
For sure the Chancellor gets some corporate taxes and a windfall tax will enhance that
But the additional absurdity of the UK energy market is that profits flow to state energy companies. However, none of them are a Scottish state energy company or even a UK one