# Siemens Energy and Dragados win €2.9B contract for LanWin3 offshore converter

Siemens Energy and Dragados Offshore have secured a €2.9 billion contract from German TSO 50Hertz to build a 2GW offshore converter system for the LanWin3 North Sea grid connection project. The contract includes engineering, procurement, construction, transport, and installation.

- Type: Contract
- Announced: 2024-07-25
- Where: North Sea, German Exclusive Economic Zone, Germany
- Value: $3.15B (2.90B EUR)
- Status: announced
- Capacity: 2 GW
- Products: offshore converter system, HVDC components
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens Energy](https://endata.com/companies/6803.md)
- [Siemens Energy](https://endata.com/companies/6803.md) (supplier)
- [Dragados Offshore](https://endata.com/companies/10109.md) (partner)
- [50Hertz](https://endata.com/companies/11399.md) (customer)
- [Oklo](https://endata.com/companies/14781.md) (customer)

## Sources

- [windpowermonthly.com](https://www.windpowermonthly.com/article/1882089/siemens-energy-dragados-win-%E2%82%AC29bn-contract-2gw-offshore-wind-converter-system), 2024-07-25: "German transmission system operator (TSO) 50Hertz commissioned the consortium to deliver all engineering services and procurement of the necessary components, as well as the construction, transport and installation of the systems offshore and on land."
- [oklo.com](https://oklo.com/newsroom/oklo-establishes-preferred-supplier-agreement-for-steam-turbine-generator-products-and-services), 2024-08-13: "Oklo Inc. today announced a key strategic development in its supply chain management by signing a Preferred Supplier Agreement with Siemens Energy for the power conversion system of the Aurora powerhouse."

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