NKT Preferred Bidder for Moray East Export Cable
NKT has signed a preferred bidder agreement (PBA) for delivery and installation of export cable for the Moray East offshore wind farm, developed by Moray East Offshore Windfarm Ltd (MOWEL), owned by EDP Renováveis and ENGIE.
A PBA is a key step towards a final order which is conditional upon final negotiation of the EPC contract and the project owner making a final investment decision (FID) for the offshore wind farm, which is expected during autumn 2018.
The Moray East project comprises the manufacture of approximately 185 km of 220 kV AC offshore export cables, installation by the NKT Victoria cable laying vessel and burial of the cable.
This type of project typically has a contract value in the range of EUR 130-170 million, which is also expected for the Moray East project. Installation of the cables is expected to start in 2020.
NKT president and CEO Michael Hedegaard Lyng said: “With the selection of NKT for the Moray East wind farm, our leading position in the offshore wind segment is confirmed. It also underlines that our technologically advanced turnkey solutions, our expertise and our project management setup are recognized not only by existing customers but also by new co-operation partners such as MOWEL.”
The Moray East offshore wind farm is to be situated off the north-east coast of Scotland and will provide electricity for more than 950,000 UK households, when fully commissioned by 2021.