EUR 250 Million Deal for Boskalis

Royal Boskalis Westminster N.V. has been awarded a sizable export cable installation contract for the Ostwind 2 offshore grid connection.

“The contract was awarded by 50Hertz and carries a value for Boskalis in excess of EUR 250 million, making this the largest cable installation contract acquired by Boskalis ever,” the Papendrecht based company said.

For this project, Boskalis will deploy a wide variety of its in-house assets including trailing suction hopper and backhoe dredgers, geophysical and geotechnical survey vessels, cable-laying vessels and a wide range of trenching tools.

Commenting the latest news, Peter Berdowski, CEO Boskalis, said: “We are very proud to have been selected for this contract, the largest cable installation contract ever for Boskalis. The fact that we are able to combine our dredging services, recently acquired survey capabilities together with our cable installation competencies demonstrates Boskalis’ ability to offer a unique breadth of services. We look forward to further expanding this position for our clients as the leading subsea cable installation contractor.”

The contract scope comprises design and installation of approximately 270 kilometer of export cable that will connect the planned Arcadis Ost 1 and Baltic Eagle offshore wind farms to the onshore substation in Lubmin, Germany.

The project is expected to start in 2019 with a planned completion late 2022.