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ABB wins huge power transmission deal

The Swiss-based engineering group ABB has won its biggest ever order in the field of power transmission, to connect wind farms in the North Sea to the German grid.

The order, from Dutch-German transmission grid operator TenneT, is worth around $1 billion (SFr 780 million) the company announced on Tuesday.

“The completed link will be capable of supplying more than 1.5 million households with clean wind-generated electricity,” ABB said in a statement.

It added that the network, which would become operational in 2015, would help avoid more than three million tons of carbon dioxide emissions a year by replacing fossil-fuel based generation.

The company, whose products are used by oil, gas and utilities companies, is banking on rising interest in so-called green technology, given high oil prices and the drive away from nuclear power, according to Reuters.

In March ABB took a stake in the German alternative energy firm Novatec Solar.

swissinfo.ch and agencies


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