Seatrium and GE Win Big on Dutch Wind Energy Project

Seatrium Limited (SG:5E2) has released an update.

Seatrium Limited and GE Vernova Inc. have won their third major contract with TenneT for a 2 GW High Voltage Direct Current system in the Netherlands, aimed at bolstering sustainable offshore wind energy. The project begins in June 2024 and is part of a larger initiative to connect 40 GW of wind power in the North Sea, with a focus on enhancing renewable energy infrastructure and project repeatability efficiencies.

For further insights into SG:5E2 stock, check out TipRanks’ Stock Analysis page.