SeaEnergy seals agreement with Crown Estate over Inch Cape

Offshore wind developer SeaEnergy Renewables (SERL) has signed an Interim Development Agreement (IDA) with the The Crown Estate to develop the 905MW Inch Cape project.

“The Crown Estate will directly invest up to £1.4m ($2.16m) in key surveys and reports for the Inch Cape project, which will be directly contracted and managed by SERL,” the company says in a statement. The deal formalises a Heads of Terms agreement announced in September.

A consortium made up of Germany's RWE Npower Renewables and SERL won rights to the Inch Cape site in 2009 as part of the Scottish Territorial Round tender carried out by the Crown Estate.

But RWE announced in June that it was walking away from its 75%…

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