Media says Norwegian wind money ends up in Caribbean
Earnings from wind farm Tellenes, among the largest in Norway, end up in the Cayman Islands, according to domestic broadcaster TV 2 Norge. The wind farm's owner, Blackrock, says it observes Norwegian legislation.
When the blades rotate on Norwegian wind turbines, a portion of the earnings end up paddling across the Atlantic into an offshore account in the Cayman Islands rather than Norway's treasury as taxes, writes domestic media TV 2 Norge, which has uncovered the corporate structure behind 160MW wind farm Tellenes in Rogaland, southwestern Norway.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Norwegian power-guzzler yearns for wind
For subscribers
PPA heavyweight: Price is far from the most important factor
For subscribers
Statkraft sweetens wind farm deal
For subscribers
.jpg&w=384&q=75){kind=logo}