News, Press releases

March 2018

VEO likes it windy – the Norwegian wind boom continues

PRESS RELEASE 19.3.2018

VEO has signed two substation EPC contracts to connect two new wind parks, the Marker 60 MVA wind park south of Oslo and the Hennøy 55MVA wind park at the Norwegian west coast, to the regional power grid. 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 switchgears, 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.

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.

”In addition to fulfilling the international project and contract requirements, VEO has committed to deliver on an accelerated schedule to meet the clients’ needs. Thanks to our long experience, our adjustable modular concept solution and our own production of medium voltage switchgear and control systems we have become a trusted partner in Norway,” says Viktor Forss, Managing Director at VEO AS. “We are pleased with the cooperation we have with VEO related to Marker wind power plant, says CEO Tor Arne Pedersen from Scanergy AS.

A steady flow of orders 

With Egersund 120 MVA and Hamnefjell 60 MVA, commissioned in autumn 2017, and the two on-going projects in Marker and Hennøy, VEO has proven its capacity and ability to carry out demanding wind power projects. According to Forss, there is an upward trend and the best is still to come. VEO promises shortly to share news on several significant large-scale wind projects in Norway that are already in the pipeline.

More information
Viktor Forss, Managing Director, VEO AS, Norway, +47 916 70 699, viktor.forss@veo.no

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