Aker Solutions Signs Contract for East Anglia THREE Offshore Wind Project

May 25, 2021 – Aker Solutions, in a consortium with Siemens Energy, has signed a contract with ScottishPower Renewables with the intention to provide the HVDC (high-voltage, direct current) converter stations for the East Anglia THREE offshore wind project in the UK.

The delivery of a very large¹ EPCI scope for East Anglia THREE is subject to the project reaching financial close in 2022.

East Anglia THREE is the second project to be developed in the East Anglia Zone, following the commissioning of East Anglia ONE in 2020. East Anglia THREE is located in the North Sea off the east coast of England and is planned for an installed capacity of up to 1,400 MW. It is part of the overall East Anglia Hub development which includes East Anglia TWO and East Anglia ONE North, with a planned total capacity of up to 3,100 MW. Planning applications for East Anglia ONE North (800 MW) and East Anglia TWO (900 MW) are currently being examined by the UK Planning Inspectorate.

"We are proud that ScottishPower Renewables, as a leading renewable energy company, selected our consortium as the contractor for one of the world’s largest offshore wind developments. We have over decades developed substantial operations in the UK based on leading expertise and a track record for predictable execution of demanding projects. The new contract with ScottishPower Renewables is aligned with our strategy to grow our activities within renewables and low-carbon projects," said Kjetel Digre, chief executive officer of Aker Solutions.

"We’re pleased to have selected Aker Solutions and Siemens Energy for the design and delivery of the two HVDC converter stations planned to connect the EA3 windfarm. The early selection of strategic contractors like this gives us more time to look for opportunities within the UK supply chain, skills and manufacturing as part of our project planning and delivery, which is good news," added Ross Ovens, ScottishPower Renewables’ EA Hub Project Director. 

"This will be our first HVDC link and will help us transfer more wind generation to where it’s needed and support the UK’s ambitions to reach Net Zero. Our East Anglia Hub projects have the potential to deliver more than 7.5 percent of the UK’s 40 GW target for offshore wind generation by 2030 and the world-leading knowledge, experience and capabilities of Aker Solutions and Siemens Energy will help ensure East Anglia THREE fully plays its part. We look forward to working closely together to make this project a success," said Ovens.

Aker Solutions will not book order intake at this stage. Order intake is subject to the project reaching financial close in 2022. Aker Solutions’ first step in the scope will be the detailed design engineering, which will be executed by the company’s engineering office in Reading, UK. 

¹Aker Solutions defines a ‘very large’ contract as being between NOK 2.0 billion and NOK 3.0 billion.

ENDS

Media Contact:
Torbjørn Andersen, mob: +47 928 85 542, email: torbjorn.andersen@akersolutions.com

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 14,000 people in more than 20 countries.

Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn, Twitter and YouTube.

This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com