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

EQS-News: Friedrich Vorwerk Group SE / Key word(s): Incoming Orders
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

05.06.2024 / 09:37 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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, June 5, 2024 - Friedrich Vorwerk Group SE (ISIN DE000A255F11), a
leading provider in the field of energy infrastructure, and its subsidiary
Bohlen & Doyen have successfully acquired the contract for the realization
of the onshore underground cable connections in the BalWin3 and LanWin4
offshore connection projects. The contract awarded by cable manufacturer
Nexans covers the entire onshore sections, each around 45 km long, from the
landfall point on the coast of Lower Saxony to the future converter station
in Wilhelmshaven. The two connecting lines run parallel for long stretches
and are therefore to be installed together as part of one overall project.
The total volume of the order for FRIEDRICH VORWERK is well into the
three-digit million range.

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 North Sea to the German mainland, enabling it to
be fed into the existing high voltage grid. They alone are expected to
supply up to 5 million households in Germany with renewable electricity in
the future. Following the complex planning and approval phase, the laying of
the land cable connection is to be realized from 2026. Commissioning of the
complete system is scheduled for 2031.

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 EUR320 billion. Due to its extensive service and
technology portfolio and decades of experience in land cable construction,
FRIEDRICH VORWERK expects demand in this area to continue to grow strongly
in the future.

Contact Details

Friedrich Vorwerk Group SE
Harburger Straße 19
21255 Tostedt
Tel +49 4182 - 2947 0
Fax +49 4182 - 6155
ir@friedrich-vorwerk.de
www.friedrich-vorwerk-group.de

Management Board
Torben Kleinfeldt (CEO)
Tim Hameister

Chairman of the Supervisory Board
Dr Christof Nesemeier

Court of Registration
District Court of Tostedt, registration number: HRB 208170


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05.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Friedrich Vorwerk Group SE
                   Harburger Straße 19
                   21255 Tostedt
                   Germany
   E-mail:         ir@friedrich-vorwerk.de
   Internet:       www.friedrich-vorwerk-group.de
   ISIN:           DE000A255F11
   WKN:            A255F1
   Listed:         Regulated Market in Frankfurt (Prime Standard)
   EQS News ID:    1918641

End of News EQS News Service
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1918641 05.06.2024 CET/CEST