Two GE-Led Consortiums in Agreement with TenneT for the Award of Contracts Totaling Approx. 10 Bln Euros to Build State-of-the-Art HVDC Systems for TenneT’s 2GW Program in the Netherlands and Germany
30 Março 2023 - 3:15AM
Business Wire
- Dutch-German Transmission Systems Operator (TSO) TenneT awards
GE Grid Solutions consortium with Sembcorp Marine three projects in
the Netherlands, while TenneT has entered into an agreement with
GE-led consortium with McDermott to award two projects in
Germany
- TenneT's innovative High-Voltage Direct Current (HVDC) 2GW
Program in the Dutch and German North Sea is one of the most
important infrastructure projects of the century
- The program will play a critical role in strengthening Europe’s
energy security, while putting Europe on track to become the
world's first climate-neutral continent by 2050
GE Renewable Energy’s Grid Solutions business (NYSE: GE)
announced today that it has been awarded three High-Voltage Direct
Current (HVDC) contracts for a total of approximately 6 billion
euros as part of a specially formed consortium with Sembcorp Marine
for TenneT’s innovative 2GW Program in the Netherlands. The
contracts have been awarded as part of a five-year Framework
Cooperation Agreement with the possibility to extend for another
three years.
Furthermore, TenneT and a consortium formed by GE and McDermott
have entered into an agreement based on which TenneT plans to award
two further HVDC contracts in Germany for a total of approximately
4 billion euros to this consortium in April 2023.
The five contracts for the GE consortia are among 11
two-gigawatt (GW) contracts awarded to HVDC suppliers by the
Dutch-German Transmission Systems Operator (TSO) as part of its
goal to connect 40 GW of offshore wind farms to the high voltage
grids in the Netherlands and Germany. TenneT’s large-scale project
resulted from the Esbjerg Declaration in May 2022 at the North Sea
Energy Summit, where Germany, the Netherlands, Denmark, and Belgium
agreed to jointly install at least 65 GW of offshore wind energy by
2030 - up from 20 GW today - to accelerate Europe’s energy security
following recent geopolitical developments. TenneT plans to install
20 GW each in the Dutch and German North Sea.
The GE consortia projects cover the offshore converter platforms
and the onshore converter stations for the two-way conversion
between alternating and direct current. The converter stations are
based on bipolar Voltage-Sourced Converter (VSC) technology – the
most advanced HVDC technology – and will have double the capacity
compared to previous monopole grid connection systems, resulting in
fewer cables and platforms.
Tim Meyerjürgens, TenneT COO, said: “We are delighted to be
working with GE and their consortium partners as part of our task
to connect 40 GW offshore wind in the North Sea, one of the most
important infrastructure projects of the century. TenneT has the
technical know-how, scale, and geographical position to connect
wind energy from the North Sea, while GE and its consortium
partners have the HVDC expertise. Together, with the GE consortia
and other HVDC partners we will accelerate the development of the
offshore grid, thereby strengthening Europe’s energy security and
putting Europe on track to become the world's first climate-neutral
continent by 2050.”
Philippe Piron, CEO of GE Grid Solutions, said: "Together with
our consortium partners Sembcorp Marine and McDermott, we are
honored and pleased to play a key role in this critical
infrastructure project for European energy security and
decarbonization. These awards confirm that GE’s Voltage-Sourced
Converter HVDC technology is now recognized as one of the most
advanced in the world."
Read the full news release here.
Notes to the Editor:
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements – that
is, statements related to future events that by their nature
address matters that are, to different degrees, uncertain. For
details on the uncertainties that may cause our actual future
results to be materially different than those expressed in our
forward-looking statements, see
https://www.ge.com/investor-relations/important-forward-looking-statement-information,
as well as our annual report on Form 10-K and our most recent
quarterly report on Form 10-Q. We do not undertake to update our
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230329005599/en/
Allison J. Cohen Grid Solutions, External Communications Manager
GE Renewable Energy allison.j.cohen@ge.com
GE Aerospace (NYSE:GE)
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