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Seaway 7 awarded preferred supplier status for Seagreen 1A

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08 June 2022

Subsea 7 today announced that Seaway 7 ASA (Seaway 7 is listed on Euronext Growth (SEAW7) and is part of the Subsea 7 S.A. Group) has been selected by Seagreen 1 Limited as a preferred supplier for the Seagreen 1A offshore wind project, offshore Scotland. Seagreen 1A lies adjacent to the existing Seagreen project that Seaway 7 is currently progressing and represents approximately 500MW of additional renewable energy generation capacity.

Seaway 7ís scope of work is under final negotiation and may include the full engineering, fabrication, transport and installation of 36 foundations, transportation and installation of the offshore substation and the procurement and installation of inner-array cables. Execution of the scope will be led from Seaway 7ís Aberdeen office.

The project is expected to commence in 2023 with offshore work commencing in late 2024 and could be operational by 2025/26.

The timeframe and Seaway 7ís selection are subject to the Seagreen 1A project securing consent and a final investment decision by SSE Renewables and TotalEnergies. The value related to this very large (between USD 500 million and USD 750 million) agreement is expected to be recognised in Seaway 7ís backlog after final contractual terms have been agreed.

Stuart Fitzgerald, CEO Seaway 7, said: "We are delighted to be continuing our successful relationship with SSE Renewables and TotalEnergies to progress the Seagreen 1A project. The project will continue to be managed from our office in Aberdeen where we are bringing over a decade of UK offshore wind expertise to Scotlandís largest offshore wind project.Ē

John Evans, CEO Subsea 7, said: "We are very pleased to be continuing our proactive participation in the UKís ongoing energy transition and we look forward to extending our long-term collaboration with SSE Renewables, which began in 2009 with the pioneering Greater Gabbard development and continued with Beatrice, Seagreen and Dogger Bank.Ē