Amprion has awarded the 2 GW offshore grid connection systems BalWin1 and BalWin2 in Germany. The move follows the government’s acceleration targets and the project is a world-first deployment. The BalWin1 will be commissioned in 2029 and the BalWin2 will be commissioned in 2030.
Amprion will file requisite approval plans for the underground cable project from Rastede to Bürstadt by the middle of 2024. The company has invested $1.6 billion toward the conversion and expansion of the grid in 2022.
“We focus on stability and flexibility for the financing of increasing investments. Our long-term oriented shareholders support our growth course. Supportive regulatory conditions are another important pre-condition. Together with our flexible debt instruments, we are well prepared for the necessary investment need,” said Peter Rüth, CFO of Amprion.
