Aker Solutions

Supplier for Norfolk Vanguard East

GBkr6,500M14 Nov 2023

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Scope of Work

Categories:

Offshore Substation ManufactureOffshore Substation Installation

Lifecycle Stages:

Construction

Quantities:1 offshore substation

Contract Details

Contract Value:kr6,500M

Adjusted to 2025:€644.1M

Currency:NOK

Award Date:14 Nov 2023

Client:

Vattenfall

Description

Aker Solutions awarded EPCI contract by Vattenfall (Nov 2023) for the Norfolk Vanguard East HVDC offshore platform — engineering, procurement, construction and installation. Topside fabrication carried out as a joint venture with Drydocks World Dubai; substructure fabricated at Aker Solutions' Verdal yard in Norway. Contract value estimated at NOK 6.0-7.0 billion (mid-point 6.5 BNOK) following FID. Full Notice to Proceed received from RWE on 15 January 2025 after RWE's acquisition of the Norfolk cluster from Vattenfall (March 2024 stake_transaction). Scope includes installation of the offshore HVDC platform — Aker Solutions retains the offshore install scope rather than subcontracting to a separate heavy-lift installer.