Tekmar awarded 'significant' new US offshore wind contract
By Josh White
Date: Wednesday 25 May 2022
(Sharecast News) - Offshore energy technology and service provider Tekmar Group announced the award of a "significant" new contract on Wednesday.
The AIM-traded firm said the contract was for an integrated engineering solution, including cable protection systems, for an offshore wind farm project in the United States.
It said the contract was expected to be delivered in 2023.
"This landmark contract award strengthens our position in the US offshore wind market and represents an important milestone in expanding our geographical presence, a key driver of our growth strategy," said chief executive officer Alasdair MacDonald.
"The contract builds on our encouraging recent contract momentum, including the Dogger Bank Wind Farm, and highlights Tekmar's range of in-house engineering capabilities to address complex engineering challenges and de-risk cable protection projects.
"We look forward to delivering on our part of this project."
At 1210 BST, shares in Tekmar Group were up 5.28% at 37.9p.
Reporting by Josh White at Sharecast.com.
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