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February 10, 2021updated 15 Feb 2021 1:34pm

Vattenfall selects Aker and Siemens as bidder for Norfolk wind project

Swedish multinational power company Vattenfall has selected Aker Solutions, in a consortium with Siemens Energy, as preferred bidder for the Norfolk offshore wind project.

By Umesh Ellichipuram

Swedish multinational power company Vattenfall has selected Aker Solutions, in a consortium with Siemens Energy, as preferred bidder for the Norfolk offshore wind project.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Aker Solutions will work in a consortium with Siemens Energy on the Norfolk Vanguard and Norfolk Boreas wind farms. If the Swedish firm makes a final investment decision on the project, the parties will enter an engineering, procurement, construction, and installation contract for the leases.

The wind farms lie in the North Sea, of the coast of Great Yarmouth, Norfolk, in the east of England.

Vattenfall offshore business development head Catrin Jung said: “We’re extremely confident both in our choice of Siemens Energy and Aker Solutions as the preferred bidder and in our decision to use innovative HVDC technology.

“Siemens Energy and Aker Solutions excelled during the feasibility and concept stage, bringing strong technical capabilities to the process.”

Under the contract, the consortium will be responsible for delivering high-voltage, direct current (HVDC) electric power converter platforms for the grid connection infrastructure.

With a planned combined capacity of 3.6GW, the zone is said to become one of the largest offshore zones in the world upon completion.

Vattenfall project director for Norfolk Vanguard and Norfolk Boreas Rob Anderson said: “Vattenfall’s Norfolk developments will use cutting-edge technology.

“These types of projects are always a partnership, and we’re very happy that Siemens Energy and Aker Solutions’ expertise will oversee the HVDC converter infrastructure in Norfolk.

“In addition, this appointment will give the local supply chain the opportunity to engage with Siemens Energy and Aker Solutions to explore the huge opportunities on offer at what will be the largest offshore zone in the world.”

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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