As informed in Company Announcement no. 21 of 25 September 2017, NKT had signed a Preferred Supplier Agreement (PSA) for delivery and installation of export and array cable systems to the prospective offshore wind farm project Triton Knoll. The PSA was signed in a consortium with Boskalis Subsea Cables and Flexibles (previously VBMS). Innogy, the project owner, has now made the final investment decision for the Triton Knoll offshore wind farm, and the PSA is converted into a firm order for NKT.
NKT President and CEO Michael Hedegaard Lyng says:
– With this firm order, I look forward to further building our co-operation with the project owner of Triton Knoll, and also to being a substantial and reliable partner in the green transformation of the UK and European power supply. We firmly believe that offshore wind as well as the interconnectors markets will see further growth in the coming years to support the ambitious European renewable energy targets. NKT is well positioned to take part in it with our technological expertise and high-end solutions.As previously announced, the order represents a contract value for NKT of approx. EUR 115m (approx. DKK 857m) in market prices, equivalent to approx. EUR 96m (approx. DKK 715m) in standard metal prices. The cables will be delivered in Q4 2019 and Q2 2020, respectively.
Triton Knoll offshore wind farm is located in the southern North Sea, off the UK east coast, and is expected to be one of the most cost effective and low cost generating wind farm projects in the UK. When commissioned, Triton Knoll will provide electricity for more than 800,000 households per annum.
The award of Triton Knoll does not change the 2018 financial outlook for NKT.
- News
- Press Releases
- Renewable News
- Wind
please download the PDF below.
More from across PES
Pfeiffer Vacuum Introduced its Vacuum and Leak Detection Solutions for the Hydrogen Industry at Hydrogen + Fuel Cells EUROPE
•Mass spectrometer for gas and residual gas analysis •Universal leak detector •Mobile Leak Test Module Hydrogen + Fuel Cells EUROPE/Hannover Messe. Pfeiffer Vacuum introduced state-of-the-art vacuum and leak detection solutions for the hydrogen and fuel cell sector at this year’s Hannover Messe. State-of-the art mass spectrometer for gas and residual gas analysis OmniStar GSD 350… Read more »
Ingeteam exceeds 36% market share in the US wind power sector
The company has to date equipped 55 GW of generators, converters and control systems for the US wind power market with its technology, representing a 36.55% market share. Ingeteam has a production plant in the United States of almost 7,500 sqm with an annual manufacturing capacity of 3.7 GW for the wind power market. … Read more »
APAC Wind Energy Summit Theme Launch: Leading the Global Race to 3xRenewables with Action in the Region
Two industry leaders appointed event ambassadors and will spearhead the development of the conference programme 2 May 2024, Incheon | ‘Action in APAC: Leading the Global Race to 3xRenewables’ will be the official theme for the APAC Wind Energy Summit 2024, from the Global Wind Energy Council (GWEC). The theme was revealed alongside the announcement of… Read more »
SCHMID GROUP CLOSES BUSINESS COMBINATION AND BEGINS TRADING ON THE NASDAQ STOCK EXCHANGE
SCHMID Group and Pegasus Digital Mobility Acquisition Corp. announce the completion of their business combination. As a result, starting April 30, 2024 the existing company’s legal name is SCHMID Group N.V. SCHMID Group N.V. shares will begin trading on the Nasdaq Global Select Market under the ticker symbol “SHMD” SCHMID signed non-redemption and investment agreement… Read more »
2023 Annual Report: LONGi maintains Robust Financial Condition and Strong Risk Resistance Capabilities
2023 Annual Report: LONGi maintains Robust Financial Condition and Strong Risk Resistance Capabilities On April 30, 2024, LONGi Green Energy Technology Co., Ltd. (hereinafter referred to as “LONGi “), a global leader in solar technology, officially released its performance report for the year 2023. The company achieved a revenue of 129.498 billion yuan, continuing to maintain a… Read more »
Glass-glass solar modules from WINAICO PFAS-free
Manufacturer’s declaration on the content of perfluorinated and polyfluorinated alkyl substances Creglingen, 30.04.2024 – WINAICO has issued a manufacturer’s declaration in which the company confirms that its solar modules of the WST-NGX and WST-NGXB series are free from perfluorinated and polyfluorinated chemicals, or PFAS for short. PFAS are specifically used due to their water and… Read more »
Volvo Penta and Danfoss Drives set course on electric future with latest MHO-Co hybrid vessels
New Emerson Pressure Regulator Maximizes Hydrogen-Powered Vehicle Fuel Efficiency, Improves Reliability
Youwind’s Tools for Rapid Offshore Wind Screening adopted by ACCIONA Energía
Electricity networks accelerate potential connection dates of over 200 clean energy projects
Online Magazine Reader
- Solar/PV
- Wind
- China