Siemens nabs order to hook Moray East to UK grid

German industrial giant Siemens AG (ETR:SIE) has been contracted to hook the 950-MW Moray East offshore wind farm to the UK grid, it was announced on Thursday.

Siemens has won a deal to supply all necessary components for the connection, including three offshore transformer modules (OTM) that transform the output of the wind turbines from 66 kV to 220 kV, and the onshore substation that transforms the electricity into 275 kV. The German company will also install a 30-km underground export cable to the onshore substation at New Deer in Aberdeenshire. Preparatory work on the site of the onshore substation was initiated in September.

The Moray East project is being executed 22 km off the Aberdeenshire coast in Scotland. In 2017 it was awarded a contract for difference (CfD) at GBP 57.50 (USD 73.3/EUR 64.5) per MWh and last week it was announced that the project has secured billions of financing. EDP Renovaveis SA (ELI:EDPR) is leading the project with a 43.3% stake. Engie SA (EPA:ENGI) has 23.3% and Diamond Green holds 33.4%.

Also on Thursday MHI Vestas Offshore Wind and Royal Boskalis Westminster NV (AMS:BOKA) announced that their respective Moray East orders for turbines and inter-array cabling have become firm.

(GBP 1.0 = USD 1.275/EUR 1.121)

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