SeaEnergy talks to 'major energy firms' on renewables unit sale

SeaEnergy will now concentrate on its marine services business

SeaEnergy says it is talking to a consortium of “major European energy companies” about the sale of its SeaEnergy Renewables (SERL) subsidiary.

The UK energy company says it has granted a period of exclusivity to the consortium to negotiate the sale of its 80.13% interest in SERL, which has stakes of a number of major offshore wind projects, including the Moray Firth Round III zone.

“While there can be no certainty that the current negotiations will result in a successful completion of the Transaction, these negotiations are at an advanced stage,” SeaEnergy says, adding that due diligence is already underway and that an agreement could be signed by early June.

If an agreement is reached,…

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