SINGAPORE - Seatrium and its consortium partner GE Vernova will build the third offshore wind project for TenneT, the national electricity transmission system operator in the Netherlands.

This is under the five-year Framework Cooperation Agreement inked in March 2023 to supply three high-voltage direct current electrical transmission systems for offshore wind farm projects for TenneT, each valued at approximately €2 billion (S$2.9 billion).

The work on the third 2GW high-voltage direct current electrical transmission system is planned to commence on June 1, said Seatrium on Feb 19.

The contract for the third offshore wind project is expected to be awarded on the same date, after the completion of certain deliverables by both Seatrium and GE Vernova in the coming months.

“Seatrium’s scope of work will include the engineering, procurement, construction, transportation, installation, and commissioning of the 2GW high-voltage direct current offshore converter platform for TenneT, which is the biggest and most powerful of its kind in the industry,” said the offshore and marine engineering group.

It added that the offshore converter platform will contribute to TenneT’s sustainability goal of installing 40GW of offshore wind energy in the German and Dutch North Seas, and will serve the third offshore wind farm, about 95km off the coast of the Netherlands.

Seatrium’s executive vice-president of fixed platforms Samuel Wong said: “With this latest project, Seatrium is currently working on five high-voltage direct current offshore converter platforms, creating a franchise for series-built opportunities in high voltage direct currents to achieve greater synergies from repeat projects.”

Shares of Seatrium closed 0.3 cent, or 3.2 per cent, lower at nine cents on Feb 19. THE BUSINESS TIMES