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TenneT awards on and offshore converter stations and HVDC technology with a total capacity of 22 gigawatts

Innovative collaboration between TenneT and suppliers leads to new global market standard for 2 GW HVDC systems, reaffirming TenneTs position as a frontrunner in offshore grid development and fulfilling the shared ambition to develop the North Sea into Europes green energy powerhouse.
Noord Holland Noord Brabant Zuid Holland North Sea Oceans General Mcdermott Tenne

Two GE-led consortiums in agreement with TenneT for award of contracts totaling approx. 10 Bln Euros to build state-of-the-art HVDC systems for TenneT's 2GW program

* Dutch-German Transmission Systems Operator TenneT awards GE Grid Solutions consortium with Sembcorp Marine three projects in the Netherlands, while TenneT has entered into an agreement with GE-led... | March 30, 2023
Noord Holland West Midlands United Kingdom General United Kingdom United States North Sea

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Netherlands/Germany: Petrofac and Hitachi Energy secure landmark offshore wind Framework Agreement worth approx. 13 billion euros

Petrofac and Hitachi Energy have been selected by TenneT, the Dutch-German Transmission System Operator, to supply multiple offshore platforms and onshore converter stations to accelerate the integration of bulk renewables into European power grids.
Noord Holland Niklas Persson Tareq Kawash Marco Kuijpers Sami Iskander Gw Programme

Siemens Gamesa Sees Way Out with Siemens Energy Integration, US and EU Clean Energy Commitments

As reported last month, Siemens Gamesa Renewable Energy posted a significant net loss for its Q1 2023 (October–December 2022), mainly due to specific components' failure rates, and its net financial debt totalled EUR 1.9 billion as of 31 December 2022. However, looking long-term, the company sees a light at the end of the tunnel driven by, among other things, the potential integration into Siemens Energy, as well as the Inflation Reduction Act (IRA) in the US and the EU's REPowerEU.
Siemens Gamesa Jochen Eickholt Siemens Gamesa Renewable Energy Siemens Energy Integration Siemens Energy European Union

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