Oil group Repsol buys SERL, links with EDPR for UK offshore

SeaEnergy will now concentrate on its marine services business

Spanish oil group Repsol has reached a deal to buy offshore wind developer SeaEnergy Renewables (SERL) and formed a consortium with Portugal's EDP Renovaveis (EDPR) to develop 2.4GW off the UK's coast.

The deal gives Repsol a major foothold in the UK’s burgeoning offshore wind sector, where SERL has interests in three development zones.

Repsol subsidiary Repsol Nuevas Energias will purchase the 80.13% of SERL held by SeaEnergy, its current parent group, and the remaining shares held by SERL’s management.

Repsol simultaneously has formed a consortium with Portuguese renewables giant EDPR to develop a total of 2.4GW of offshore wind through the Moray Firth UK Round 3 project and Inch Cape, in Scottish territorial waters.

EDPR will own 60% of the new offshore consortium,…

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