Seatrium will be working with TenneT TSO B.V. (TenneT) and NYSE-listed GE Vernova for their third offshore wind project in the Netherlands.
TenneT had notified Seatrium that it plans to commence work on the third 2-gigawatt (GW) high voltage direct current (HVDC) electrical transmission system on June 1.
The move is in line with Seatrium’s announcement on March 30, 2023, where it said that it had secured a five-year framework cooperation agreement with its consortium partner GE Vernova to supply three HVDC electrical transmission systems for offshore wind farm projects in the Netherlands to TenneT. Each of these systems were each valued at around EUR2 billion ($2.88 billion) with a total combined capacity of 6GW as part of TenneT’s offshore grid acceleration programme.
Like the first two HVDC projects awarded to Seatrium last March, the group will be working with its consortium partner, GE Vernova’s Grid Solutions. The contract award of NWBE is expected to be on June 1, after the completion of certain deliverables by both Seatrium and GE Vernova in the coming months.
“We are proud to partner with TenneT and GE 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 this latest project, Seatrium is currently working on five HDVC offshore converter platforms, creating a franchise for series-built opportunities in HVDCs to achieve greater synergies from project repeatability,” says Samuel Wong, executive vice president, fixed platforms.
As at 9.07am, units in Seatrium are trading 0.2 cents higher or 2.15% up at 9.5 cents.
