Brief: Seatrium Says Update On Empire Wind 2 Offshore Substation Platform

Seatrium

04/01/2024 01:10

Jan 4 (Reuters) - Seatrium  SEAT.SI :
    * UPDATE ON EMPIRE WIND 2 OFFSHORE SUBSTATION PLATFORM
    * HAS BEEN INFORMED BY EMPIRE OFFSHORE WIND LLC THAT AS A
RESULT
OF SIGNIFICANT MACROECONOMIC CONDITIONS IMPACTING EMPIRE WIND 2
PROJECT
    * DECIDED TO CANCEL CONTRACT FOR 1,260MW OFFSHORE SUBSTATION
PLATFORM, VALUED AT MORE THAN S$250 MILLION
    * CONSTRUCTION WORK ON 810MW EMPIRE WIND 1 OSS PLATFORM HAS
COMMENCED IN 4Q2023
    * EMPIRE OFFSHORE WIND LLC CONFIRMS EMPIRE WIND 1 PROJECT
CONTRACT
REMAINS UNAFFECTED AND CONTINUES AS PLANNED
    * CONSTRUCTION WORK ON EMPIRE WIND 2 OSS PLATFORM IS
EXPECTED TO
COMMENCE ONLY IN JUNE 2024

Source text for Eikon:  ID:nSN5Chc2C 
Further company coverage:  SEAT.SI 

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