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Strategies & Market Trends : ABB (Asea Brown Boveri) ADR

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From: JakeStraw5/10/2019 12:05:23 PM
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ABB wins major order to transmit wind power from North Sea
new.abb.com
ABB’s Power Grids business has been awarded a triple digit million-euro order from the Aibel/Keppel FELS consortium, which will design, construct, and build the High Voltage Direct Current (HVDC) transmission system for the offshore wind connection project DolWin5. ABB is the HVDC technology provider. This project will deliver 900 megawatts of zero-carbon electricity – enough to power around 1 million homes - from three wind farms some 100 km off the German coast. It is scheduled for completion in 2024.
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