Seaway Heavy Lifting, part of Subsea 7, was awarded a contract by Triton Knoll Offshore Windfarm Limited for transport and installation of 90 WTG foundations and two offshore substations. The contract is valued between USD 50 million and USD 150 million.
Elia awarded all main construction contracts for the Modular Offshore Grid (MOG) project, totaling €400 million. Contracts include detailed design by Ramboll, fabrication by Heerema Fabrication Group, electrical equipment by Siemens, and cable installation by Dredging International. The offshore hub will connect four wind farms and is scheduled to go live by September 2019.
Subsea 7 acquired the remaining 50% shareholding in Seaway Heavy Lifting for a cash consideration of $279 million, making it a wholly-owned subsidiary.