EQS-News: FRIEDRICH VORWERK wins contract for the realization of the land cable connections in the offshore grid connection projects BalWin3 and LanWin4 with a volume well in the three-digit million range
Source: EQS
FRIEDRICH VORWERK wins contract for the realization of the land cable connections in the offshore grid connection projects BalWin3 and LanWin4 with a volume well in the three-digit million range Tostedt, The BalWin3 and LanWin4 offshore connection projects planned by transmission system operator TenneT are important measures in the German energy transition. The direct current connections, which are over 220 km long and each have a capacity of 2 GW, will transport green electricity from the offshore wind farms in the Against the backdrop of the German government's comprehensive electrification plans for transport, industry and buildings, electricity consumption is expected to double by 2045. At the same time, renewable energies will be massively expanded to decarbonize the electricity sector. In order to prepare the already heavily overloaded transmission grid for this transformation, the German electricity infrastructure is facing an unprecedented investment program. According to the Electricity Network Development Plan 2023-2037/2045 (NEP Electricity), around 4,800 km of new lines are to be built by 2045. The estimated investment volume for these measures amounts to Contact Details
Management Board Chairman of the Supervisory Board
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Language: | English |
Company: | |
Harburger Straße 19 | |
21255 Tostedt | |
E-mail: | ir@friedrich-vorwerk.de |
Internet: | www.friedrich-vorwerk-group.de |
ISIN: | DE000A255F11 |
WKN: | A255F1 |
Listed: | Regulated Market in |
EQS News ID: | 1918641 |
End of News |
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1918641 05.06.2024 CET/CEST