# SK oceanplant wins contract for BalWin5 HVDC jacket foundation

SK oceanplant secured a contract from Seatrium to produce the complete jacket foundation for the BalWin5 HVDC offshore substation, part of TenneT's German North Sea grid programme.

- Type: Contract
- Announced: 2026-07-31
- Where: German North Sea, Germany
- Value: $110.7M
- Status: announced
- Products: jacket foundation for HVDC offshore substation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [SK oceanplant](https://endata.com/companies/93273.md)
- [TenneT](https://endata.com/companies/272.md) (partner)
- [GE Vernova](https://endata.com/companies/2947.md) (partner)
- [Seatrium](https://endata.com/companies/77943.md) (customer)

## Sources

- [newsstreetdaily.com](https://newsstreetdaily.com/sk-oceanplant-awarded-contract-by-seatrium/), 2026-07-31: "This achievement marks the first time a Korean firm has secured a full jacket provide contract for a European HVDC offshore substation"
- [creationcovenantalliance.org](https://creationcovenantalliance.org/sk-oceanplant-selected-for-construction-of-jacket-foundation-for-balwin5-offshore-converter-platform/), 2026-07-31: "This marks the first time a Korean supplier has secured a full jacket supply agreement for a European HVDC offshore substation."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.