(Alliance News) - Lamprell PLC on Thursday said it has signed a contract for Moray West Offshore Wind Farm, worth over USD200 million.
Back in March, the United Arab Emirates-based provider of oil field services signed a capacity reservation agreement for the Moray West Offshore Wind Farm in Scotland.
On Thursday, Lamprell received a full notice to proceed from Moray Offshore Windfarm (West) Ltd.
The company said that the contract signed is "very large", which means that it is worth over USD200 million.
Under the agreement, Lamprell will complete the base work of the project. This includes the construction of 60 wind turbine generator transition pieces and two transition pieces for Moray West's two offshore substations, as well as for the shipping of the transition pieces to a marshalling harbour in the UK.
The company plans to use a renewables production line, which is currently under construction to complete the work.
Shares in Lamprell were up 2.0% to 9.00 pence each in London on Thursday afternoon.