The renewable energy team from Burges Salmon have assisted in securing seabed rights for a total of four wave and tidal energy zones for their clients Minesto and Wave Hub in a leasing process managed by The Crown Estate.
Swedish marine energy technology company Minesto has acquired the rights to a tidal stream project site at Holyhead Deep, off the Welsh coast.
Wave Hub has acquired the rights to manage and sublease parts of three wave and tidal current demonstration zones off the coast of North Cornwall, North Devon and South Pembrokeshire.
The Burges Salmon team was led by partners Ross Fairley and Euan Bremner, both part of a team that has leading experience in marine energy.
“We are delighted to have acted for Minesto and Wave Hub in securing these new seabed leasing rights which will help the UK to further develop its marine energy offering,” Ross Fairley said.
Press Release, July 15, 2014; Image: Minesto