VINCI to take part in the Great Grid Partnership programme in the United Kingdom
02 Mayo 2024 - 1:45AM
VINCI to take part in the Great Grid Partnership programme in the
United Kingdom
Nanterre, 02 May 2024
VINCI to take part in the Great Grid
Partnership programme in the United Kingdom.
- OTW, a joint-venture between VINCI
Energies and VINCI Construction in the UK, has been set up
- A set of several projects to
connect the British grid to the new offshore wind farms by
2030
- VINCI, through OTW, selected to
take part in these projects
In the United Kingdom, Omexom UK & RoI
(subsidiary of VINCI Energies) and Taylor Woodrow (subsidiary of
VINCI Construction), have set up a joint-venture, OTW, which has
been named1 as a delivery partner for the huge Great Grid
Partnership programme. OTW could therefore be awarded design &
build contracts, that aim to connect the new offshore wind farms
(50 GW) to the British grid.
The Great Grid Partnership will consist of
several major onshore electricity transmission upgrades by
2030. It forms part of a £9bn (€10,4bn) national framework, which
will also support infrastructure projects beyond 2030. The projects
linked to the national grid in the UK will employ more than 300,000
people at the peak of activity (in 2027).
With these new works, VINCI supports the target
of the United Kingdom to reduce its reliance on fossil fuels, as
the country predicts that the electricity demand will increase by
50% by 2035 and double by 2050. In the short term, this means the
energy sector must deliver 6 times the amount of electricity
transmission infrastructure in the next 7 years than has been built
in the past 30 years.
1Along with 6 other companies
About VINCIVINCI is a global player in
concessions, energy and construction, employing 280,000 people in
more than 120 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance,
above and beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible manner.
And because our projects are in the public interest, we consider
that reaching out to all our stakeholders and engaging in dialogue
with them is essential in the conduct of our business activities.
VINCI’s ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_Great Grid Update_20240501_VA
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