Eversendai gets 2 European RE projects worth RM186m

by HARIZAH KAMEL/ pic credit: www.eversendai.com

EVERSENDAI Corp Bhd has secured two European offshore wind renewable-energy (RE) projects worth RM186 million.

According to the company’s statement yesterday, this brings its outstanding construction orderbook to an all-time high of RM2.88 billion.

Of the projects, the first is to fabricate and construct an offshore wind substation platform topside, jacket and piles for an offshore wind farm in the UK, while the latter is to fabricate and construct jacket and piles for the Hollandse Kust Zuid (HKZ) Beta offshore wind substation platform for TenneT in the Netherlands.

Both contracts were awarded by Petrofac Ltd and will be executed at Eversendai’s state-of-the-art 200,000 sq m waterfront fabrication yard in RAK Maritime City, Ras Al Khaimah in the United Arab Emirates.

Eversendai said the UK offshore wind substation will be the highest capacity in the world and is expected to generate clean energy that will be enough to power one million homes in the region.

The scope of work for HKZ Beta for the Netherlands project includes engineering, fabrication, construction, seafastening and loadout of the jacket and piles.

“This is a significant achievement that marks our continued expansion in the offshore wind RE sector — a market we recognise which is vital for the world’s future clean energy needs,” said Eversendai Offshore CEO Narish Nathan.

The company has been involved in the HKZ Alpha project.

“The diversification into the off- shore wind RE sector continues to promote our diversification efforts of growing our business into industries that leverage on our fabrication facilities and core expertise in engineering, fabrication and construction,” he added.

Eversendai envisages the off- shore wind RE projects to be a substantial contributor to its revenue and profits moving forward and these newly secured projects will further add value to its track record for future projects which are currently being bid.

In 2019, Europe connected 502 new offshore wind turbines to the grid across 10 projects which brought 3,627MW of new (gross) additional capacity.

Europe now has a total installed offshore wind capacity of 22,072MW from 5,047 grid-connected wind turbines across 12 countries.

The prospect for offshore wind energy will grow from 22GW in 2018 to 177GW by 2030 is based on predictions from the industry that manufactures and installs the turbines.

The International Energy Agency expects the sector to become a US$1 trillion (RM4.3 trillion) industry within 20 years.