Two GE-Led Consortiums in Agreement with TenneT for the Award of Contracts Totaling Approx. 10 Bln Euros to Build State-of-the-Art HVDC Systems for TenneT’s 2GW Program in the Netherlands and Germany
The contracts have been awarded as part of a five-year Framework Cooperation Agreement with the possibility to extend for another three years.
- The contracts have been awarded as part of a five-year Framework Cooperation Agreement with the possibility to extend for another three years.
- Furthermore, TenneT and a consortium formed by GE and McDermott have entered into an agreement based on which TenneT plans to award two further HVDC contracts in Germany for a total of approximately 4 billion euros to this consortium in April 2023.
- The GE consortia projects cover the offshore converter platforms and the onshore converter stations for the two-way conversion between alternating and direct current.
- These awards confirm that GE’s Voltage-Sourced Converter HVDC technology is now recognized as one of the most advanced in the world."