SeaEnergy Renewables Limited has, together with its co-venturers, entered into exclusivity agreements with The Crown Estate in relation to the proposed development of two offshore wind farm sites.

As per the agreements, SeaEnergy and its co-venturers have been awarded the preferred bidder status.

The grant of any lease to allow construction of a wind farm will be subject to a favourable Strategic Environmental Assessment or SEA outcome, site specific environmental impact assessment and statutory consents.

These sites are Beatrice Offshore Wind Farm (SeaEnergy 25 percent, Airtricity 75 percent; 9 miles off the east coast of Scotland in the Moray Firth; Circa 920 MW, 184 five MW turbines) and Inch Cape Offshore Wind Farm (SeaEnergy 25 percent, RWE npower renewables 75 percent; 10 miles off the east coast of Scotland in the Outer Tay Estuary; Circa 905 MW, 181 five MW turbines).

SeaEnergy expects that a 24-month data gathering period over the sites will be required ahead of planning consents being filed. Moving forward, the JVs will concentrate on early investigations of the proposed sites, and will engage in extensive stakeholder consultation.

In an official statement, it was also shared that Ramco has agreed to sell up to a further eight percent of the issued shares of SeaEnergy to the SeaEnergy management team. This transaction will be finalised shortly. Following this transaction Ramco's stake in SeaEnergy will be reduced to 80 percent.