Seatrium and NYSE-listed GE Vernova Inc have been awarded a third contract by TenneT to construct a 2 gigawatt (2GW) high voltage direct current (HVDC) electric offshore transmission system in the Netherlands.
The project is slated to begin in June. Commissioning is expected to take place in 2031.
The confirmation comes after TenneT notified Seatrium in February that it plans to commence work on the system on June 1.
The contract is part of the five-year framework cooperation agreement with TenneT announced by the consortium on March 30, 2023. The agreement was signed to cover three projects, each worth EUR2 billion. The current contract is for Nederwiek 2, which is located some 95km off the coast of the Netherlands; the contracts for IJmuiden Ver Beta and IJmuiden Ver Gamma were awarded in March 2023.
Seatrium’s scope of work will include the engineering, procurement, construction, transportation, installation, and commissioning of the 2 GW HVDC offshore converter platform. GE Vernova's grid solutions will be responsible for the engineering, procurement, construction, installation, and commissioning (EPCI) of the HVDC converter stations.
“With the successful call-off of Nederwiek 2 from the Framework Cooperation Agreement with our Partners GE Vernova and Seatrium, we are now starting into the delivery of the third project with this consortium. We are pleased with the progress we made already in the first two projects with these partners. Now we experience the benefits of using the works from the initial two projects on the next one as we design one and build it many times,” says Dr Johannes Kammer, associate director of large projects offshore – 2GW at TenneT.
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"We are pleased to partner with TenneT and GE Vernova to deliver this transformative offshore wind solution. This project underscores our commitment to helping our customers achieve their renewable energy goals by providing innovative and cost-effective solutions that help accelerate the energy transition. With valuable experience from working on the first two platforms, we are confident of delivering a high-quality end product to our customer, as well as achieving greater synergies through project repeatability in our series-build strategy with the one Seatrium global delivery model,” adds Samuel Wong, executive vice president, fixed platforms, at Seatrium.
“TenneT is playing a crucial role in the energy transition, and we are honoured to support their efforts with our advanced HVDC system. GE Vernova is dedicated to decarbonizing and electrifying the world, and the TenneT projects exemplify our commitment to advancing renewable energy infrastructure,” says Johan Bindele, head of grid systems integration at GE Vernova’s grid solutions business.
Shares in Seatrium closed at $1.70 on June 7.
