SeaEnergy signs IDA for offshore wind farm project

SeaEnergy has announced that its 80 per cent subsidiary SeaEnergy Renewables Limited (SERL) has signed an Interim Development Agreement (IDA) with the Crown Estate regarding certain Inch Cape wind farm-development activities.

The IDA formalises the Heads of Terms agreement announced in September 2010, stating that the Crown Estate will directly invest up to £1.4m in key surveys and reports for the Inch Cape project, which will be directly contracted and managed by SERL.