Luxembourg – 13 November 2018 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract to Seaway Offshore Cables (SOC), an entity in Subsea 7’s Renewables and Heavy Lifting Business Unit, for the Yunlin Offshore Wind Farm project by YunNeng Wind Power Company, a company of the wpd group, for the supply and installation of the export and inner array grid cable system.
The Yunlin offshore wind farm is located approximately 8km off the coast of Yunlin County within the Taiwan Strait on the west coast of Taiwan and comprises 80 wind turbine generators each with a capacity of 8 megawatt. In addition to the submarine cable installation works, SOC will also provide the pre-installation of horizontal directional drilling conduits, marine cable route surveys, post lay trenching, termination and testing services. Associated materials will be provided including the supply of submarine composite cables, cable accessories and cable protection systems.
Project engineering will commence immediately from SOC offices in Leer, Germany and Taipei, Taiwan. Offshore activities are planned for execution in 2020.
Combining Asian and European project teams will ensure the transfer of knowledge and assist in developing local capabilities in offshore wind development.”
Steph McNeill, Subsea 7 Senior Vice President Renewables and Heavy Lifting, said: “Along with the Coastal Virginia Offshore Wind Project, this is the second supply and installation contract that SOC has been awarded since being acquired by Subsea 7, both of which are located outside of Europe showing how this sector is becoming increasingly global. Combining Asian and European project teams will ensure the transfer of knowledge and assist in developing local capabilities in offshore wind development.”
(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300.