By Dominic Chopping
Aker Solutions will book around 4 billion Norwegian kroner ($357.4 million) of contract value in the fourth quarter from a deal with Vattenfall for work on the Norfolk Vanguard West Offshore Wind Farm off the coast of Norfolk, U.K.
The Norwegian energy-industry service provider said Wednesday that it has received a limited notice to proceed contract from Vattenfall which allows it to carry out certain work until Vattenfall makes a final investment decision.
Following the final award, the total contract value for Aker Solutions is estimated to be about NOK6 billion, it said.
The wind farm has an installed capacity of 1.4 gigawatts and will be the first phase of Vattenfall’s Norfolk Offshore Wind Zone, which also includes the Norfolk Vanguard East and Norfolk Boreas developments. Once complete, the Norfolk Offshore Wind Zone will produce enough renewable electricity to power more than four million homes.
The scope of work in Wednesday’s agreement for Aker Solutions includes the engineering, procurement, construction and installation of a high voltage direct current offshore platform, while development of the entire Norfolk Offshore Wind Zone could ultimately require up to three high voltage direct current platforms in succession.
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