Aker Options has been awarded a restricted discover to proceed contract from Vattenfall for the Norfolk Vanguard West offshore wind farm within the UK. The contract has a balanced risk-reward profile based mostly on rules for long-term collaboration.
The scope of labor for Aker Options contains the engineering, procurement, building, and set up (EPCI) of the excessive voltage direct present (HVDC) offshore substation.
The fabrication of the topside can be executed in a three way partnership with Drydocks World Dubai, and the substructure can be fabricated at Aker Options’ yard in Verdal, Norway.
Situated greater than 47 kilometres from the Norfolk coast and with an put in capability of 1.4 GW, Norfolk Vanguard West would be the first part of Vattenfall’s Norfolk Offshore Wind Zone, which additionally contains the Norfolk Vanguard East and Norfolk Boreas developments.
The Norfolk Vanguard West offshore wind farm is topic to regulatory approvals and Vattenfall’s ultimate funding resolution.
In accordance with Aker Options, the corporate will at this stage e book a contract worth of about NOK 4 billion (about EUR 334 million) within the fourth quarter of 2023 within the Renewables and Subject Improvement phase, reflecting the compensated work that’s to be carried out till the anticipated ultimate funding resolution.
Following the award, the overall contract worth for Aker Options is estimated to be about NOK 6 billion.
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“The event of all the Norfolk Offshore Wind Zone might finally require as much as three HVDC platforms in succession, which might enhance the long-term predictability and provides optimistic repeat results and standardization throughout the provider business,” mentioned Sturla Magnus, Government Vice President of New Construct at Aker Options.
The Norfolk Vanguard offshore wind farm was awarded a Improvement Consent Order (DCO) in February 2022.
As soon as accomplished, the venture will present the equal electrical energy wants of 1.95 million UK houses per yr, in keeping with Vattenfall.
The corporate secured a Contract for Distinction in July 2022 for the 1.4 GW Norfolk Boreas. A yr later, Vattenfall stopped the event of the venture and mentioned that the choice was made attributable to ”difficult market situations”, including that ”monetary frameworks haven’t tailored to mirror the present market situations” thus far.
Vattenfall has already chosen Tier 1 contractors for the Norfolk Zone, together with Siemens Gamesa for the supply of the wind generators, Havfram for the set up of the generators, Siemens Vitality and Aker Options for the grid infrastructure, DEME and LS Cable & Methods for the supply and set up of the export cables, and Hellenic Cables for the inter-array cables.
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