Aker Solutions has been awarded a sizeable contract from Vattenfall for the Norfolk Vanguard East offshore wind farm off the coast of Norfolk, the UK. The contract has a balanced risk-reward profile based on principles for long-term collaboration.
The announcement follows the recent award for the Norfolk Vanguard West project, part of the Norfolk Offshore Wind Zone development in the UK.
The scope of work for Aker Solutions includes the EPCI of the high-voltage, direct current (HVDC) offshore platform. The fabrication of the topside will be executed in a joint venture with Drydocks World Dubai, and the substructure will be fabricated at Aker Solutions’ yard in Verdal, Norway.
The project is subject to regulatory approvals and the customer’s final investment decision.
Aker Solutions will at this stage book an order intake reflecting the compensated work that is to be performed until the end of 2Q24. Further to this, Aker Solutions estimates a total contract value for the company following Vattenfall’s final investment decision to be in the range of NOK 6 – 7 billion.
The contract has a balanced risk-reward profile and aligned incentives for efficient and safe delivery.
“We are pleased to announce the second award for the Norfolk Offshore Wind Zone development for Vattenfall. We look forward to supporting Vattenfall to deliver one of the largest offshore wind zones in the world,” said Sturla Magnus, Executive Vice President of New Build at Aker Solutions.
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
The Autumn 2023 issue of Energy Global hosts an array of technical articles focusing on green hydrogen, wind installation technology, blade monitoring solutions, and more. This issue also features a regional report looking at some key renewables projects in Australia.
Read the article online at: https://www.energyglobal.com/wind/16112023/aker-solutions-awarded-second-vanguard-wind-contract/
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