Van Oord secures EUR 500m of work on Baltic Power, Greater Changhua

Dutch marine contractor Van Oord said Wednesday it has been awarded two contracts, together worth over EUR 500 million (USD 534m), for offshore wind projects in Poland and Taiwan.

For the 1.14-GW Baltic Power project in the Polish part of the Baltic Sea, Van Oord will transport and install 78 foundations, including the foundations for the wind farm’s 76 turbines and two foundations for offshore substations. Van Oord will deploy its heavy-lift installation vessel Svanen to install the monopile structures, while the 76 transition pieces will be installed by a third-party vessel. Work is expected to start next year and be completed in the summer of 2025.

Baltic Power, which will be Poland’s first offshore wind farm, is being developed by a joint venture between Polish oil refiner PKN Orlen (WSE:PKN) and Canada’s Northland Power Inc (TSE:NPI).

Van Oord has also recently signed a contract for the Greater Changhua 2b and 4 project with a total capacity of 920 MW, which is being built by Danish offshore wind major Ørsted A/S (CPH:ORSTED) in Taiwan. Van Oord will transport and install three export cables with an overall length of about 175 km (109 miles). It will use its cable-laying vessel Nexus, as well as two more vessels to bury the cables and to pre-excavate cable joint pits. Works will begin in 2024 and are due to be completed in 2025.

Earlier this year, Van Oord completed a task at Greater Changhua 1 and 2a, where it was in charge of the transport, installation and burial of the inter-array and export cables.

(EUR 1 = USD 1.067)

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