Great Lakes Signs First Rock Supply Subcontract for U.S. Offshore Wind Farms with New York Quarry, Carver Sand & Gravel LLC
27 Julho 2023 - 10:05AM
Great Lakes Dredge & Dock Corporation ("Great Lakes" or the
“Company”) (NASDAQ: GLDD), the largest provider of dredging
services in the United States, announced today the
signing of the first ever subcontract for procurement of rock for a
U.S. offshore wind farm with Carver Sand & Gravel LLC
(“Carver”), a U.S. quarry in the state of New York.
Through this subcontract, Great Lakes will use rock
produced in the State of New York to provide scour protection for
offshore wind turbine foundations, and substations at Equinor
(NYSE: EQNR) and bp’s (NYSE: bp) Empire Wind I and Empire Wind II
wind farms. The rock will be quarried locally, transported to the
quayside on the Hudson River, and loaded onto Great Lakes’ rock
installation vessel, the Acadia, which will sail to the wind farms
to install the rock starting in 2025.
Great Lakes and Carver will be developing the first U.S. rock
supply chain for offshore wind, including the quarry producing the
rock, the stockpiling and transportation of the rock to the
quayside, the port and loading facilities that will load the rock
installation vessel, and other facilities along the Hudson River
that will help guide the vessel in the riverway.
Eleni Beyko, Great Lakes’ Senior Vice President, U.S. Offshore
Wind, commented, “This is a significant milestone for Great Lakes,
our clients, Equinor, and bp, as well as Carver. We have worked
closely with Equinor and bp to develop this rock supply chain for
the Empire Wind projects to deliver local content from the State of
New York. With safety and quality as our top priorities, we will be
supporting the local communities by creating local jobs and
stimulating economic activity in the state of New York.”
“Building the offshore wind industry from the ground-up in the
U.S. centers on strategic private-public partnerships to not only
deliver clean, renewable energy but also bring forward significant
economic benefits and good-paying jobs,” said NY State Energy
Research & Development Authority, President and CEO Doreen M.
Harris. “The subcontract between Great Lakes and Carver is a great
example of how New York’s offshore wind projects, such as Equinor
and bp’s Empire Wind, continue to drive industry firsts with major
investments in existing New York businesses and workers that will
build the American offshore wind supply chain providing a huge win
for all involved.”
The Company Great Lakes Dredge
& Dock Corporation is the largest provider of dredging services
in the United States. In addition, Great Lakes is fully engaged in
expanding its core business into the rapidly developing offshore
wind energy industry. The Company has a long history of performing
significant international projects. The Company employs experienced
civil, ocean and mechanical engineering staff in its estimating,
production and project management functions. In its over 133-year
history, the Company has never failed to complete a marine project.
Great Lakes owns and operates the largest and most diverse fleet in
the U.S. dredging industry, comprised of approximately 200
specialized vessels. Great Lakes has a disciplined training program
for engineers that ensures experienced-based performance as they
advance through Company operations. The Company’s Incident-and
Injury-Free® (IIF®) safety management program is integrated into
all aspects of the Company’s culture. The Company’s commitment to
the IIF® culture promotes a work environment where employee safety
is paramount.
About Empire Wind
Empire Wind is being developed through a 50-50 joint venture
between Equinor and bp. Empire Wind is located 15-30 miles
southeast of Long Island and spans 80,000 acres, with water depths
of between approximately 75 and 135 feet. The lease was acquired in
2017. The project’s two phases, Empire Wind 1 and 2, have a total
installed capacity of more than 2 GW (816 + 1,260 MW).
About Equinor
Equinor is one of the largest offshore wind developers in the
world. Its work in the United States includes operating two lease
areas off New York, Empire Wind and Beacon Wind. The projects plan
to provide New York State with 3.3 gigawatts (GWs) of energy—enough
to power nearly two million homes—including more than 2 GWs from
Empire Wind and 1,230 megawatts from Beacon Wind 1. Equinor
is also the winner of a lease area on the Outer Continental Shelf
off California. The United States is an attractive growth market
for Equinor, with an ambition to install 12-16 GW of renewables
capacity globally by 2030. www.equinor.com/NY
About bp
bp’s ambition is to become a net zero company by 2050 or sooner,
and to help the world get to net zero. bp has a larger economic
footprint in the United States than anywhere else in the world,
investing more than $140 billion since 2005 and supporting about
245,000 jobs. For more information on bp in the US,
visit www.bp.com/us.
Cautionary Note Regarding
Forward-Looking Statements Certain statements in this
press release may constitute "forward-looking" statements as
defined in Section 21E of the Securities Exchange Act of 1934 (the
"Exchange Act"), the Private Securities Litigation Reform Act of
1995 (the "PSLRA") or in releases made by the Securities and
Exchange Commission (the "SEC"), all as may be amended from time to
time. Such forward-looking statements involve known and unknown
risks, uncertainties and other important factors that could cause
the actual results, performance or achievements of Great Lakes and
its subsidiaries, or industry results, to differ materially from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Statements that are not
historical fact are forward-looking statements. These cautionary
statements are being made pursuant to the Exchange Act and the
PSLRA with the intention of obtaining the benefits of the "safe
harbor" provisions of such laws. Great Lakes cautions investors
that any forward-looking statements made by Great Lakes are not
guarantees or indicative of future events.
Although Great Lakes believes that its plans,
intentions and expectations reflected in this press release are
reasonable, actual events could differ materially. The
forward-looking statements contained in this press release are made
only as of the date hereof and Great Lakes does not have or
undertake any obligation to update or revise any forward-looking
statements whether as a result of new information, subsequent
events or otherwise, unless otherwise required by law.
For further information
contact: Tina BaginskisDirector,
Investor Relations630-574-3024
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