China: A2SEA and COSCO Ink USD 155 Mln Shipbuilding Contract

A2SEA (owned 51% by DONG Energy and 49% by Siemens Wind Power) has signed a contract with Chinese company, COSCO Shipyard Group Co., Ltd., for the construction of a new jack-up vessel specially designed for the purpose of installation of offshore wind turbines. The contract has a value of USD 155 million (approx. DKK 890 million).

The new vessel is expected to be delivered in 2014. It will be designed as a jack-up vessel optimised to operate at water depths of up to 45 meters, and it will therefore be well-fitted for the installation of upcoming offshore wind projects in the Northern European offshore market.

The information provided in this announcement will not change DONG Energy’s previous financial guidance for the financial year 2012 or the expected investment level.

Source: dongenergy, March 23, 2012; Image: cosco-shipyard

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Posted on March 23, 2012