VEO likes it windy – the Norwegian wind boom continues

The customers, Scanergy AS with the Swiss investor BKW in the Marker project and the Italian Falck Renewables and the Norwegian Svelgen Kraft Holding in Hennøy, are both significant actors in the Norwegian wind power market. The scope and the current stage of each project are almost identical: VEO’s prefabricated modular substations are tailored and optimised to the customers’ requirements. The production of all required electrotechnical equipment, such as main transformers, high and medium voltage switchgear, protection and control equipment as well as auxiliary equipment, are well on their way. The projects are executed with a tight project schedule and the Marker project will be delivered in a record-short delivery time – the substation will be energised only 7 months after VEO signing the contract.

European investors set the pace

Norway, with its reliable regional and national grid infrastructure and its optimal conditions for wind power, has become the place for green wind investments for many European investors. As many of the wind park projects are developed in co-operation between Norwegian project development companies and foreign investors, there are multiple technical and commercial requirements that partners like VEO need to fulfil. It is not only the Norwegian project developers that set requirements but also the investors, who approach the projects from a pure commercial and risk management point of view. Investors make the final approval whether the supplier meets the high standards set and can be trusted with the investment.