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June 15, 2020updated 30 Jun 2020 5:40pm

Worley secures London Array offshore wind farm contract from SGRE

Global engineering company Worley has secured a contract from Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy for the London Array offshore wind farm.

Global engineering company Worley has secured a contract from Spanish wind turbine manufacturer Siemens Gamesa Renewable Energy (SGRE) for the London Array offshore wind farm.

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As per the terms of the contract, Worley will be responsible for statutory inspections and general maintenance of wind‐turbine‐generator cranes and lifts across all turbines on the offshore wind farm.

The London Array offshore wind farm is located 20km off the coast of Kent in the UK. It is equipped with 175 turbines with a capacity of 630 MW.

It is estimated to supply clean energy to nearly 470,000 homes in the region, while displacing approximately 500,000t of carbon emissions annually.

Worley offers project delivery and expertise in engineering, procurement and construction. CEO Chris Ashton said: “I’m delighted that we have been chosen by SGRE to help deliver this strategically important project.

“This supports our ongoing commitment to the energy transition and continues our strategy of delivering enhanced operations and maintenance services to the global offshore wind market.”

Worley noted the inspections and general maintenance works will be executed by its team in Great Yarmouth, Norfolk.

This contract follows the company’s acquisition of 3sun in October last year. This strengthened the company’s place in the offshore wind energy services sector.

In October 2018, US-based Jacobs Engineering Group agreed to sell its energy, chemicals and resources (ECR) segment to WorleyParsons for $3.3bn. The companies agreed this would include $2.6bn in cash and $700m in WorleyParsons ordinary shares.

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Free Report
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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.
by GlobalData
Enter your details here to receive your free Report.

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