Construction and installation work for better regulation of the power grid in Sweden
16.12.2022 14:00:00 CET | AF Gruppen ASA | Press release
The commission encompasses two STATCOM facilities in the Stockholm region, which will be important for the transition to renewable energy sources.
The STATCOM systems are a static compensator that can automatically regulate the voltage in grids – which is a need that increases as conventional power plants are shut down and replaced by wind and solar energy.
The contract will be carried out on a turnkey basis, and Kanonaden’s assignment will include the demolition of the existing facility, design work, construction, and fitting/installation works.
“This contract marks our entry into a new and growing market and is in line with our strategy of focusing on energy and power sectors,” says Bård Frydenlund, EVP of AF Gruppen.
“We had a great partnership with our fellow consortium member Hitachi Energy during the tendering phase, and we are looking forward to the design and build phases. Together we will be able to deliver an excellent, all-in-one solution to Svenska kraftnät.”
Contacts
Bård FrydenlundEVP Sweden and Betonmast
Tel:+47 918 68 621Bard.Frydenlund@afgruppen.noImages
About AF Gruppen ASA
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 5,400 employees and revenue reached NOK 27 billion in 2021. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
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