Siem: Nordsee One Reaches Financial Close

  • Business & Finance

Siem Offshore Contractors GmbH (SOC), a wholly owned subsidiary of Siem Offshore Inc., announced 22 April 2014 that it had been awarded the contract for the turnkey supply and installation package of the inner array grid cable system for the Nordsee One Offshore Wind Farm.

The engineering works of the project started in May 2014. The financial close for the overall project, as jointly owned by Northland Power Inc. (NPI) and RWE Innogy GmbH (RWEI), has now reached.

The marine installation works to be executed by SOC, which have been subject to the financial close, are currently scheduled to begin in second quarter 2016.

The OWF will be situated within the German Bight sector of the North Sea, approx. 40 km north of the island of Juist/Germany. The OWF will consist of 54 wind turbine generators, each with a capacity of 6.15 MW and shall be inter-connected by an inner array grid of 33 kV medium voltage alternating current (MVAC) submarine composite cables with a total length of up to 72 km.

SOC will be utilising resources within the Siem Offshore group, whereby the combined capabilities of Siem Offshore’s marine operations and the engineering and installation experience of SOC will form a natural and strong resource base to the benefit of the project.

In addition to the submarine cable installation works, SOC will also provide associated materials and services including of the submarine composite cables and related accessories as well as post-installation termination, trenching and testing services.

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