Seaway 7, the renewables unit of Oslo-listed Subsea 7, has signed a vessel reservation agreement with the developers of the Dogger Bank wind farm, off the UK.
The vessel will transport and install turbines for the project. Offshore works are expected to commence in 2026.
This represents additional work for Seaway 7 at this development, where it is currently installing monopile foundations and transition pieces.
The value related to this agreement will be recognised in the backlog in the fourth quarter. Financial details were not disclosed. The agreement was described as substantial which for Seaway 7 means a deal worth between $150m and $300m.
The Dogger Bank offshore wind farm is being developed by a joint venture partnership between SSE Renewables, Equinor, and Vårgrønn. It is being developed in three phases – Dogger Bank A, B, and C – located between 130km and 190km from the North East coast of England at their nearest points.
Combined, they will have an installed capacity of 3.6GW and will be capable of powering up to 6 million homes annually. When all three phases are complete, Dogger Bank will be the world’s largest offshore wind farm.
