Ratos company Aibel wins major offshore wind contract at Hornsea

2022-07-14

Aibel has been awarded a contract by the world leader in offshore wind, Ørsted, for two platforms for the Hornsea 3 project in the UK sector of the North Sea. Each platform represents a major (value over NOK 2.5 billion) contract for Aibel.

The contract is an EPCI contract where Aibel’s responsibility is for engineering, procurement, construction, and installation in the delivery of two HVDC converter platforms. Hornsea 3 is Ørsted’s third project in the Hornsea Zone, where Hornsea 1 is operational and Hornsea 2 currently is nearing operation.

The two platforms, Hornsea 3 Link 1 and 2, will follow Aibel and Hitachi Energy’s proven concept that has made both companies leading suppliers of HVDC converter platforms for the European offshore wind industry. The two platforms will have a combined capacity of up to 2.852 GW to serve the offshore wind turbines in the Hornsea 3 project. This makes the project the single largest offshore wind project in the world. It is expected to produce enough energy to meet the average daily needs of over 3 million UK homes.

“The development of Aibel's offering towards renewable energy has been successful and now constitutes the majority of the company's order book. The new contract shows the company's strength and ability. As owners we are impressed, Aibel really has the future ahead of it,” says Christian Johansson Gebauer, member of the board of Aibel and President Business Area Construction & Services at Ratos.

“We are proud and honored to enter a new collaboration with Ørsted - a relationship that has matured over the last 36 months. With the contract, we are consolidating our position as a leading supplier of HVDC solutions in the European offshore wind segment. And we accelerate our transformation towards renewables and low carbon solutions. Our order backlog now holds approx. 60% related to offshore wind and electrification of energy infrastructure,” says Aibel’s President and CEO, Mads Andersen.

The platform topside for the Hornsea 3 Link 1 is scheduled to arrive in Haugesund in Q1 of 2025. Forecast sailaway to the Hornsea field is in 2026.

Read more about the project and Ørsted here:
www.orsted.co.uk

For further information, please contact
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Mads Andersen, President and CEO, Aibel, +47 982 96 501

About Ratos
Ratos is a business group consisting of 14 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 25 billion in net sales. Our business concept is to own and develop companies that are or can become market leaders. We have a distinct corporate culture and strategy – everything we do is based on our core values: Simplicity, Speed in execution and It’s All About People. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas.