Andritz Signs EUR 250 Million Deal in the UK

Markets ♦ Published: February 10, 2015; 19:30 ♦ (Vindobona)

Listed engineering group Andritz will supply equipment worth EUR 250 million for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.

The tidal lagoon hydropower plant in Swansea Bay, Wales, will have a total capacity of 320 megawatts. / Picture: © Andritz AG

Following an international bidding process, Tidal Lagoon Swansea Bay plc. has appointed the consortium by GE/Andritz Hydro as preferred bidder for supply of the electromechanical equipment for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.

The advance works agreement has now been signed.

The bidding volume for the consortium is in the region…