Latest Issue
Windtech International July August 2024 issue






SeaEnergy plc has announced that it has reached agreement with a consortium of European energy companies (the Consortium) to grant a period of exclusivity to negotiate the sale (the transaction) of the Company’s 80.13% interest in its subsidiary SeaEnergy Renewables Limited (SERL).

Due diligence is already in progress and the agreement contemplates the signature of formal documentation by early June when the Company would make a further announcement. A member of the Consortium has agreed to advance loan facilities to assist the Company and these loans would be repayable out of the proceeds of any sale. 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.
Use of cookies

Windtech International wants to make your visit to our website as pleasant as possible. That is why we place cookies on your computer that remember your preferences. With anonymous information about your site use you also help us to improve the website. Of course we will ask for your permission first. Click Accept to use all functions of the Windtech International website.