Seatrium Wins New Offshore Wind Energy Contract

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

Seatrium Limited and GE Vernova Inc. have secured a third major contract from TenneT for a 2 GW High Voltage Direct Current (HVDC) transmission system in the Netherlands, aimed at supporting sustainable offshore wind energy connection. This project, part of a larger framework agreement valued at approximately EURO 2 billion per project, signifies Seatrium’s ongoing commitment to renewable energy solutions and marks the continued success of their partnership with TenneT and GE Vernova.

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