The Scottish Government is selling the nation’s renewables to foreign companies with most of the cash flowing abroad.

Japan and Italy are in line for millions of pounds from plans for the world’s largest floating wind farm in the Highlands.

But Scotland stands to lose out on profits to foreign interest from the Green Volt site off Aberdeenshire coast.

It will be Europe’s first commercial scale floating wind farms and one of two joint venture between Flotation Energy and Norwegian offshore wind company Vårgønn.

They secured the project under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round to provide low-carbon electricity to oil and gas platform.

Vårgønn is owned by Italian energy firm Eni Plentitude with the nation’s government holding around 30 per cent share and HitecVision, which has offices in Norway, UK and Italy.

And Flotation Energy’s parent company is Tokyo Electric Power Company Holdings which is owned by the Government of Japan.

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