Written by
Marine Log Workers
Picture: Nice Lakes Dredge & Dock
Nice Lakes Dredge & Dock Company (NASDAQ: GLDD) studies that it has been awarded a 3rd rock set up contract to carry out subsea rock cable safety on an offshore wind undertaking off the East Coast of the USA.
The corporate’s prior contracts have been for subsea rock set up for basis stabilization, and this contract represents a brand new utilization for its deliberate vessel.
Nice Lakes will execute the undertaking utilizing the primary Jones Act compliant subsea rock set up vessel, the Acadia, presently beneath development at Philly Shipyard
The undertaking scope consists of procurement of rock from GLDD’s U.S. provide chain, transportation to and from the undertaking web site, and subsea set up of the rock to assist the wind farm’s infrastructure. Operations on the undertaking are anticipated to begin in 2025 and are anticipated to proceed into 2026.
Nice Lakes shall be producing native content material, employment, and financial exercise in the USA by buying rock from home quarries and loading the rock at U.S. ports.
Lasse Petterson, president and CEO at Nice Lakes, commented, “This undertaking award additional confirms Nice Lakes’ ambition and management to assist the rising U.S. offshore wind business and we sit up for increasing our participation on this market over the approaching years.”
Eleni Beyko, senior vp, offshore wind at Nice Lakes, commented, “This award additional solidifies Nice Lakes’ entry into the U.S. offshore wind market with one other main undertaking award. We’re happy to assist the USA in constructing a extra sustainable future and to proceed to mature and allow our U.S. rock provide chains. Our objective stays to contribute to constructing the U.S. offshore wind business, whereas creating native employment and U.S. financial exercise.”
The undertaking stays topic to the undisclosed consumer’s closing funding determination (FID).
