SMart Wind and Mainstream Renewable Power sign geotech deal with FugroNews // May 31, 2011
SMart Wind (a joint venture between Mainstream and Siemens Project Ventures) and Mainstream Renewable Power have signed a five year framework agreement with Fugro Geoconsulting Ltd to carry out detailed geotechnical studies at three offshore wind projects in Europe.
The agreement is valued at £60 million and by contracting for all three projects together, the companies expect to make significant savings on the geotechnical costs.
The detailed geotechnical work, which excludes onshore and cable route studies, is due to commence this summer at SMart Wind’s 4,000MW Hornsea zone off the east coast of England and early next year at Mainstream’s 450MW Neart na Gaoithe project in Scotland. Studies are due to commence in 2012 at Mainstream’s 1,000MW Horizont project in German waters.
Andy Kinsella, CEO of Mainstream’s Offshore business and Chairman of SMart Wind commented: “This is another first for Mainstream and Smart Wind. We’re fully committed to reducing the Cost of Energy and not only are we making significant savings on this agreement; we are also ensuring vessel availability by thinking strategically and working in partnership with Fugro.”
Dr Wolfgang Bischoff, CEO of Siemens Project Ventures at Siemens Financial Services, who is also the Vice Chairman of SMart Wind said:" We are very happy to see that SMart Wind is moving forward on the right track. This contract further demonstrates our commitment for a sustainable and green future."