Lamprell plc Contract signed for Moray West Offshore Wind Farm (7393Y)
September 08 2022 - 2:01AM
UK Regulatory
TIDMLAM
RNS Number : 7393Y
Lamprell plc
08 September 2022
8 September 2022
LAMPRELL PLC
("Lamprell" and with its subsidiaries the "Group")
CONTRACT SIGNED FOR MORAY WEST OFFSHORE WIND FARM
Further to the announcement for the reservation agreement issued
on 22 March 2022, Lamprell is pleased to confirm that it has signed
the very large contract* and received a full notice to proceed from
Moray Offshore Windfarm (West) Limited. The base scope of work
includes the construction of 60 wind turbine generator transition
pieces and two transition pieces for Moray West's two offshore
substations, as well as for the shipping of the transition pieces
to a marshalling harbour in the UK. To complete these works, the
Group will make use of a state-of-the-art renewables production
line, which is currently under construction and through which we
will be able to construct jacket components, transition pieces and
monopiles** for this and future renewables projects.
*Lamprell has reviewed its definition of contract values as a
result of recent changes in its bid pipeline. The new ranges are
listed below:
Small contract: value below USD 50 million
Medium-sized contract: between USD 50 million and up to USD 100
million
Large contract: over USD 100 million and up to USD 200
million
Very large contract: over USD 200 million
** Transition pieces
The transition piece of a fixed offshore wind turbine is a
reinforced part of the support structure that is connected to the
wind turbine tower. These structural elements present unique
features and are critical components of offshore wind turbines,
contributing to the structural soundness and reliability of
offshore wind turbines.
Monopile/transition pieces
Monopiles are a simple steel pile made by steel tubes and cones
which sit beneath the turbine tower, typically through a transition
piece. The monopile is inserted between 10 and 20 metres into the
seabed depending on the stability of the seabed, extending the
turbine tower under water and into the seabed.
Transition pieces form, together with the monopiles, the
foundation of the turbines. The transition piece includes various
functionalities such as access for maintenance, cable connections
for the energy produced by the turbine and the corrosion protection
for the foundation. The transition piece is fixed on the foundation
structure, whether monopile or jacket, and consists of thick walled
tubes constructed from rolled plates of an offshore steel
quality.
- Ends -
Enquiries:
Lamprell plc
Maria Babkina, Investor Relations +44 (0) 7852 618 046
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Notes to editors
Lamprell is a leading provider of services to the international
energy sector. Driving strategy and growth through its Renewables,
Oil & Gas and Digital business units, underpinned by almost
half a century of expertise, the Group has worked hard to establish
its reputation for delivering projects safely, on time and to
budget.
The Group has firmly established its international credentials
in the renewables sector as well as continuing to build on its
traditional oil and gas credentials. We are recognised for building
complex offshore and onshore process modules and platforms,
fabricating and refurbishing jack-up rigs and liftboats.
Lamprell employs more than 5,000 people across multiple
facilities, with its primary facilities located in Hamriyah, in the
UAE. Combined, the Group's facilities cover approximately 800,000m2
with over 1.5 km of quayside. In addition, the Group has facilities
in Saudi Arabia (through a joint venture agreement). Lamprell is
listed on the London Stock Exchange (symbol "LAM")."
Moray West offshore wind farm
Moray West is a new offshore windfarm, which will be comprised
of 60 turbines in the outer Moray Firth. Once constructed, the
project will provide a secure, reliable source of energy for the
equivalent of up to 640,000 homes. The project is aiming to be
fully operational in 2024/25. Moray West is being developed by
Ocean Winds, a 50-50 joint venture between EDP Renewables (EDPR)
and ENGIE.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTUWASRUKUKRRR
(END) Dow Jones Newswires
September 08, 2022 02:01 ET (06:01 GMT)
Lamprell (LSE:LAM)
Historical Stock Chart
From Jul 2024 to Aug 2024
Lamprell (LSE:LAM)
Historical Stock Chart
From Aug 2023 to Aug 2024