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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
2024-06-05 / 09:37 CET/CEST
The issuer is solely responsible for the content of this announcement.
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

2024-06-05 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.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
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 2024-06-05 CET/CEST

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END) Dow Jones Newswires

June 05, 2024 03:37 ET (07:37 GMT)