Norway's Kvaerner to quit offshore wind business

Norway’s Kvaerner has revealed that it will walk away from the offshore wind business after finishing work on the jackets destined for the Nordsee Ost project, as its contractual dispute with RWE rumbles on.

A spokeswoman for Kvaerner, which was part of Aker Solutions until a 2010 demerger, tells Recharge that the decision mostly comes down to the Oslo-based company’s desire to focus on the “booming” business of building jackets for oil and gas clients.

However, she acknowledges that Kvaerner’s views on offshore wind have not been brightened by its ongoing disagreement with German utility RWE over who should shoulder the burden of cost overruns at Nordsee Ost. The matter is presently in arbitration.

In 2010 RWE awarded Aker Solutions a €115m ($142m) contract to deliver jacket Log in to read complete article.

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