NYAB and Svenska kraftnat have signed a collaborative agreement to begin constructing a 400 kV Aurora Line worth $94.54 million between Sweden and Finland.
The 380 km project will be built together by Svenska kraftnat and Fingrid to improve the security of supply, equalize electricity prices between Finland and the rest of the Nordic countries by increasing transmission capacity and enable an increase in renewable energy production in the Baltic Sea region.
The agreement to be completed in December 2025 looks at the second phase of the project for the approximately 90 km transmission connection between Dockasberg and Risudden in Sweden.
NYAB’s expertise in the energy sector from engineering to energy construction and on to land construction services will be beneficial for the project.
“Aurora Line is a crucial project for the green industrial transition in the Nordics and ensures an important part of the future Nordic electricity supply as well as the common European market,” said Magnus Granljung, Senior Vice President, Sweden at NYAB. “The project further promotes the realization of large-scale industrial investments that entail significant demand for our services in the coming years.”