Boskalis and NKT Confirm Triton Knoll Cabling Deal

A consortium comprising Boskalis Subsea Cables and Flexibles (previously VBMS) and NKT has signed a firm contract for delivery and installation of export and array cable systems to the offshore wind farm project Triton Knoll. 

Innogy, the project owner, has made the final investment decision for the Triton Knoll offshore wind farm, and the preferred supplier agreement (PSA) signed in September 2017, has now been converted into a firm order for the consortium.

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.”

As previously announced, the order represents a contract value for NKT of approximately EUR 115 million in market prices, equivalent to approximately EUR 96 million in standard metal prices.

The contract carries a value for Boskalis of approximately EUR 90 million, the company said.

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.

Share this article

Follow Subsea World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

All-Energy 2019

All-Energy is the UK’s leading renewable energy and low carbon innovation event, showcasing the latest technologies and services…

read more >

ACENS 2019

Submission shall pass the double blind paper review first in order to be presented in the conference…

read more >

Deepwater Operations Advisory Board

This event allows for the free and open exchange of ideas, as proceedings will not…

read more >

Subsea Tieback Forum & Exhibition

The content addresses new operational issues, challenges, and solutions associated with global deepwater subsea operations…

read more >