Saipem reports EUR 90m in new offshore wind contracts

Italy-based diversified engineering company Saipem SpA (BIT:SPM) has won contracts worth more than EUR 90 million (USD 103.8m) in total for services related to three offshore wind projects in UK and French waters.

The joint venture between Equinor ASA (NYSE:EQNR) and SSE Renewables that develops the 3.6-GW Dogger Bank project off the North East coast of England has contracted Saipem to transport and install two offshore high voltage direct current (HVDC) platforms for Dogger Bank A and Dogger Bank B. Each with a capacity of 1.2 GW, the platforms will comprise a 2,900-tonne jacket and a roughly 8,500-tonne topside.

The overall Dogger Bank development has a third phase, also of 1.2 GW.

Meanwhile, Saipem has also won a contract from Seaway 7 to install 114 foundations for just as many wind turbines off the East coast of Scotland to form the 1,075-MW Seagreen offshore wind farm. This project is a 49/51 joint venture between SSE Renewables and French oil and gas giant Total SA (EPA:FP).

Last but not least, Saipem will transport and install the jacket and topside of the offshore substation at the 496-MW Saint-Brieuc wind park off the coast of Brittany in France. This project is being developed by Ailes Marines, part of Iberdrola SA (BME:IBE).

(EUR 1.0 = USD 1.154)

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