Aker
Solutions has been awarded a sizeable contract from Vattenfall for
the Norfolk Vanguard East Offshore Wind Farm off the coast of Norfolk, 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 United Kingdom.
The scope of
work for Aker Solutions includes the engineering, procurement, construction and
installation (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 the second quarter of
2024. 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 6.0 to 7.0 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.