NKT Confirms Moray East Export Cable Deal

NKT Victoria at dock at the NKT high-voltage production site in Karlskrona, Sweden. Photo: NKT

NKT has confirmed the contract for delivery and installation of export cable systems for the Moray East offshore wind farm project.

The company was chosen as a Preferred Bidder for the project in November, 2017.

Now, NKT and the project developer, MOWEL, Moray East Offshore Windfarm, owned by EDP Renováveis, ENGIE and Diamond Generating Europe, have signed the final binding agreement on the project.

The Moray East project comprises manufacture of approximately 175 km of 220 kV AC offshore export cables, installation by the NKT Victoria cable-laying vessel and burial of the cables.

The order represents a contract value for NKT of approximately EUR 150 million in market prices, equivalent to approximately EUR 140 million in standard metal prices.

Installation of the cables is expected to start in 2020.

The Moray East offshore wind farm is to be situated off the north-east coast of Scotland and will provide electricity for approx. one million UK households when fully commissioned by 2021.

Share this article

Follow Subsea World News

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 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 1 2 3

Shallow and Deepwater Mexico Oil and Gas Conference

Shallow and Deepwater Mexico is a community gathering for the offshore sector focusing on the future of offshore in Mexico…

read more >

FPSO Europe Congress 2019

FPSO Europe Congress 2019 will therefore shine a spotlight on revitalising oil fields through effective project…

read more >

Oceanology International Americas

The three-day conference and exhibition will be returning in 2019 newly branded as Oceanology International Americas…

read more >

Subsea Tieback Forum & Exhibition

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

read more >