News, Press releases

May 2018

VEO signs contract to support 294 MW wind power project in Norway

VEO has signed an electrical balance of plant (EBoP) contract for a wind farm in Rogaland, south-west Norway. The Bjerkreim cluster, with its 70 wind turbines and installed capacity of 294 MW, will provide electricity to the Nordic power grid and is owned and managed by the German asset manager Luxcara. The approx. 120MNOK-contract is one of the largest in VEO’s history.

VEO will supply a turnkey solution starting at the installed wind turbines up to the distributing power grid for the wind farms. The delivery contains system studies with pre-engineering, detail engineering, two HV-substations including power transformers, medium voltage switchgears, protection and control systems installed and commissioned. VEO’s work began in April 2018. The substation will be delivered and energized in May 2019. The project is to be handed over to Luxcara by January 1st, 2020.

For VEO, the Bjerkreim project is significant for a number of reasons. VEO is proud of the renewed trust Luxcara shows VEO with this contract. ”We are happy to be able to rely on the good cooperation with VEO again”, says Dr. Alexandra von Bernstorff, Managing Partner of Luxcara. Just as in the case of Egersund, VEO’s previous project for Luxcara, the Bjerkreim cluster is built together with the project developer Norsk Vind Energi. On the Norwegian wind market, Norsk Vind Energi is an experienced and trusted project developer for foreign investors with a dynamic growth strategy. VEO is experienced in working with international stakeholders, fulfilling international project and contract requirements. The Bjerkreim project is especially interesting for the sheer scope of the project: “We were able to take on the full electrical responsibility of a project of this scale as we have the solid experience and strong project management skills. We are very pleased with the contract as it confirms the trust we have gained in the wind market,” says Viktor Forss, Managing Director at VEO AS.

Several signed contracts in the Norwegian wind market

The Norwegian wind power market is growing rapidly. The increased investments in the market are likely to continue for the next years, offering proven suppliers as VEO interesting and challenging opportunities. VEO has for a long time been present in the Finnish wind power market and is now able to utilize its proven concepts and know-how in larger Norwegian investments. At the end of 2017, VEO signed wind electrification contracts for Hennøy wind farm (60 MVA) and Marker wind farm (55 MVA) and has several large projects in the pipeline to be announced later this year.

More information

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

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