Aker Solutions has clinched a substantial contract from Vattenfall to spearhead the development of the Norfolk Vanguard East Offshore Wind Farm, situated off the Norfolk coast in the UK.
This contract, deemed “sizeable” by Aker Solutions, follows a similar recent award for the Norfolk Vanguard West project, marking a significant stride in the Norfolk Offshore Wind Zone’s advancement in the United Kingdom.
The agreement embodies a balanced risk-reward profile, emphasizing long-term collaboration principles, and is a testament to the collaborative partnership between Aker Solutions and Vattenfall.
Aker Solutions’ responsibilities encompass the comprehensive engineering, procurement, construction, and installation (EPCI) of the high-voltage, direct-current (HVDC) offshore platform. The fabrication of the topside will be orchestrated in collaboration with Drydocks World Dubai, while Aker Solutions’ yard in Verdal, Norway, will undertake the substructure’s fabrication.
However, the project’s progression hinges on securing regulatory approvals and Vattenfall’s final investment decision. Aker Solutions, at this stage, will book an order intake reflecting the anticipated work scheduled until the conclusion of the second quarter of 2024. Additionally, contingent upon Vattenfall’s investment decision, Aker Solutions anticipates the contract’s total value to range between NOK 6.0 to 7.0 billion, ensuring a balanced risk-reward profile with aligned incentives for efficient and safe project delivery.
Sturla Magnus, Executive Vice President of New Build at Aker Solutions, expressed enthusiasm, highlighting their commitment to support Vattenfall in materializing one of the world’s most extensive offshore wind zones. The collaboration reflects Aker Solutions’ dedication to facilitating the development of sustainable energy solutions.