Metal Prices News

Danish offshore cable supplier NKT has secured the high-voltage turnkey order for the Dogger Bank C, the third phase of what will be the world's largest offshore wind farm, in the UK.NKT had previously entered into a Preferred Supplier Agreement (PSA) as the main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems for the Dogger Bank C.Now, the company has secured the contract award with the project owners Equinor (50%) and SSE Renewables (50%). The contract award is subject to Dogger Bank C reaching financial close in late 2021.

NKT, which produces cables and supplies the energy sector, has entered a Preferred Supplier Agreement (PSA) as the main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to the Doggerbank Creyke Beck A and B offshore wind farms.The project is being developed as a joint venture by Equinor (50%) and SSE (50%).Dogger Bank Wind Farms Creyke Beck A/B was notified today that it was successful in the UK allocation of Contracts for Difference (CfD), which is a key step towards a final order.Such confirmed order is now conditional upon final contract negotiations and that the project owners provide NKT a notice to proceed.

Danish group NKT A/S said it has signed the final contract with Energinet and National Grid for the supply of a cable system for the 1,400-MW Viking Link inter-connector between Denmark and the UK.As per the contract, NKT is to supply a cable system of approx. 150 km of 525 kV MI high-voltage DC onshore power cables for Viking Link inter-connector project, connecting the Danish and British power transmission grids.NKT and the project owners have now signed the final contract documents for the project. With this step, the award of the Viking Link cable solution to NKT is confirmed.As previously announced the order represents a contract value for NKT of approx. EUR 90m (approx. DKK 670m), corresponding to approx. EUR 75m in standard metal prices (approx.

Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project."NKT has signed a Preferred Bidder Agreement (PBA) for delivery and installation of export cable systems to the prospective offshore wind farm project Moray East," said a press release from the company.NKT and the project developer, MOWEL, Moray East Offshore Windfarm Ltd, owned by EDP Renováveis S.A., ENGIE and Diamond Generating Europe Ltd., have signed the final binding agreement on the project. For NKT, it means that the order is confirmed.The Moray East project comprises manufacture of approx. 175 km of 220 kV AC offshore export cables, installation by the NKT Victoria cable-laying vessel and burial of the cables. The order represents a contract value for NKT of approx.

Jotun has acknowledged the steep rise in the cost of raw materials through 2010 used in some of their coatings. This rise in costs has significantly affected all paints and coatings manufacturers worldwide. Consequently, Jotun has been forced to increase prices on some of its products, but emphasises that it has not affected its entire range. Throughout 2010 the market price of major raw materials used in coatings, such as epoxies, titanium dioxide, acrylics and metal-based materials has increased by up to as much as 50 per cent. The surprisingly high global demand coupled with the downscaling of capacity following the 2007 financial crisis has caused an imbalance in the raw materials market for coatings…