Seatrium Limited (Seatrium, or the Group) is pleased to
announce that it has received notification from TenneT TSO B.V. (TenneT) that it plans to
commence work on the third 2-gigawatt (GW) High Voltage Direct Current (HVDC) electrical
transmission system on 1 June 2024.
This is in line with an earlier announcement made on 30 March 2023 in relation to the Group’s
success in securing a five-year Framework Cooperation Agreement, together with its
consortium partner GE Vernova (NYSE:GE) with TenneT, to supply three HVDC electrical
transmission systems for offshore wind farm projects in the Netherlands, each valued at
approximately EUR 2 billion, with a total combined capacity of 6GW as part of TenneT’s
offshore grid acceleration programme.
Seatrium’s scope of work will include the engineering, procurement, construction,
transportation, installation, and commissioning of the 2GW HVDC Offshore Converter
Platform for TenneT, which is the biggest and most powerful of its kind in the industry.
The offshore converter platform will contribute to TenneT's sustainability ambition of installing
40GW of offshore wind energy in the German and Dutch North Seas, and will serve the NWBE
(formerly named as Nederwiek 2) offshore wind farm, located approximately 95 kilometres off
the coast of Netherlands.
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 1 June 2024, after the completion of certain deliverables by both Seatrium
and GE Vernova in the coming months.
Mr Samuel Wong, Executive Vice President, Fixed Platforms, said, “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.”
Amongst renewable energy sources, offshore wind continues to play a significant role in
meeting global climate goals. It is estimated that Europe will require a massive increase in
wind installed capacity with an expected growth from 204GW in 2022 to more than 500GW in
2030 alone1
. Over the years, Seatrium has established a proven track record of delivering
complex, high-profile offshore renewables projects for leading international grid operators and
energy players.
