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SEPI’s Board of Directors authorizes NAVANTIA to conclude a guarantee line for the jacket program for the East Anglia One project

SEPI’s Board of Directors authorizes NAVANTIA to conclude a guarantee line for the jacket program for the East Anglia One project

22/12/2016 - Madrid
Press release NAVANTIA

During the meeting held this morning, the Board of Directors of the Spanish state-owned industrial holding company (SEPI) has authorized NAVANTIA to formalize a line of guarantees with BANKINTER for an amount of more than 28 M€ for the contract for the supply of jackets to the East Anglia One project.

This decision taken by the Board of Directors will allow the consortium made up by NAVANTIA and WINDAR to guarantee the early payment guarantee and the performance security required for the manufacture and supply of a total of 42 jackets, which will be carried out under the same industrial and supply chain plan which was used in the Wikinger programs.

It is worthwhile to recall that in September Iberdrola awarded to NAVANTIA and WINDAR a contract valued in almost 150 M€ for the offshore wind farms East Anglia One, of which about 108 M€ correspond to NAVANTIA and 41 M€ to WINDAR.

The jackets will be built at the shipyard which NAVANTIA has at Fene, while WINDAR will be in charge of building the piles at its facilities in Avilés. The workload linked to this contract amounts to 1 Million hours of work, which will translate into the employment on average of between 600 and 700 workers.

Finally, it is envisaged that the manufacture of the jackets might begin in July 2017, with the goal of being able to deliver them from March to October 2018.

EAST ANGLIA ONE

This offshore wind farm, located on the Southern part of the North Sea, will become one of the largest in the world of its kind once it enters into service. This wind farm includes a total of 102 wind turbines, with a generating capacity of up to 714 MW, which will provide energy to more than 500,000 English households. The wind generators will be installed on jacket-type steel structure equipped with 75 meter-long blades. It must be stressed also that the wind farm will be equipped with an electricity substation, whose construction has also been awarded to NAVANTIA.

About NAVANTIA

NAVANTIA constitutes a world reference in the design, construction and integration of warships with a high-technological content, as well as ship repairs and upgrades. Besides, its activity lines include the design and manufacturing of combat and command and control systems, integrated platform management systems, firing control systems, propulsion engines and the Life Cycle Support for all its products. Although its main activity is in the naval field, NAVANTIA also designs and manufactures systems for the Army and the Air Force.

NAVANTIA is part of Grupo SEPI, a corporate holding which includes a total of 15 state-owned companies in which it has direct, majority shareholding participations, with a workforce of more than 73,000 professionals in 2015; the Spanish state-owned television and radio corporation, Corporación Radiotelevisión Española, which is attached to SEPI, and one public foundation. Equally, SEPI has direct minority shareholdings in a further nine companies, and indirect shareholdings in more than one hundred companies.

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