Business
Contract Award re Dogger Bank C
Contract Award re Dogger Bank C.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.\n \n \n \n \n \n \n \n \n \n \n \n TEKMAR GROUP PLC\n \n \n \n \n (\"Tekmar Group\", the \"Company\" or the \"Group\")\n \n \n \n \n \n \n \n \n \n Contract Award re Dogger Bank C\n \n \n \n \n \n \n \n \n Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce that DEME Offshore has awarded the contract to supply Cable Protection Systems (CPS) for the third phase of Dogger Bank C Wind Farm in the UK to Tekmar.\n \n \n \n \n \n Under the scope for the Dogger Bank C phase, the Company will design, manufacture and supply a further 172 CPS. This follows the existing contract with EPCI contractor DEME Offshore to supply 380 CPS to protect subsea array cables on Dogger Bank A and B project phases. The combined contract value across the Dogger Bank Wind Farm represents Tekmar's largest CPS supply contract to date. \n \n \n \n \n \n Dogger Bank is a 3.6GW offshore wind farm located 130km off the North East coast of England. The project is a joint venture between SSE Renewables, Equinor and Vårgrønn and is set to become the world's largest offshore wind farm, capable of generating enough renewable energy to power six million UK homes once fully operational.\n \n \n \n \n \n All systems will be manufactured at Tekmar's state-of-the-art facility in the North East of England which is located less than 50km from Dogger Bank's export cable landfall site in Teesside. The first systems for the Dogger Bank C phase of the project are expected to be delivered in Q3 2024, with production continuing into 2025.\n \n \n \n \n \n The project is benefiting from Tekmar Group's unique engineering capability and extensive industry experience, with Tekmar Energy working with sister companies Subsea Innovation, AgileTek Engineering and Ryder Geotec...