NOK 20 million Stromar contract firmed up

Jun 26, 2023 | News

Asker, 26.06.2023: The survey project for Stromar offshore wind, earlier communicated 20 March 2023 has increased in project requirements and has contract value of total NOK 20 million.

The original contract, signed in March 2023, comprised of a geophysical survey in the project’s development area, located in the Moray Firth off the coast of Scotland. The Stromar offshore wind farm covers an area of 256 km2 and the project aims to reduce greenhouse gas emissions throughout the wind farm’s life cycle, including survey activities.

The survey is scheduled for Q3 2023, subject to the relevant permit approvals, and includes the option for a related export cable route (ECR) survey.

 

MORE FINANCIAL NEWS

Fourth-quarter and unaudited full-year 2024 results

Fourth-quarter and unaudited full-year 2024 results

Revenue for Q4 amounted to USD 5.4 million, marking an increase of 440% year-over-year (YoY). EBITDA amounted to USD -5.7 million, alongside an EBIT of USD -7.9 million. Net profit for the quarter was USD -8.5 million, improving from USD -9.4 million in Q4 2023....