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Windfall: a third of big wind farms linked to tax havens

Nearly a third of Scotland’s biggest wind farms have owners with links to offshore tax havens in the Cayman Islands, Luxembourg, Guernsey and Jersey.  An investigation by The Ferret has also revealed that 39 of the largest 50 wind farms are ultimately owned outwith Scotland in England, Spain, France, Germany, Norway, China and elsewhere. Campaigners allege that the wind industry’s tax havens have deprived public services of “many millions” of pounds, while boosting private profits. Scotland’s renewable energy wealth is being “looted” by international tax avoiders, and profits “siphoned overseas”, they say. According to experts, wind farm ownership is “opaque” and “secretive”. The “bright green image” promoted by the renewable energy industry is “more a murky shade of grey”, says one.

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