StockWatch
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Civil Construction
Deals28 Jul 2026, 09:15 am

L&T Secures Ultra-Mega Framework Agreement for 2 GW Offshore Wind Programme

AI Summary

Larsen & Toubro (L&T), in consortium with Hitachi Energy, has secured a Framework Cooperation Agreement (FCA) with TenneT for a 2 GW offshore wind programme. This agreement covers six projects and future opportunities under TenneT's 2-GW HVDC programme, aiming to accelerate Europe's renewable energy transition. The consortium will execute two ongoing projects (IJmuiden Ver Alpha, Nederwiek 1) and commence two new ones (Nederwiek 3 in Netherlands, LanWin 5 in Germany), totaling 8 GW capacity. L&T will handle offshore converter platforms and infrastructure, while Hitachi Energy provides HVDC Light® technology. This deal significantly strengthens L&T's international presence in sustainable energy infrastructure.

Key Highlights

  • L&T and Hitachi Energy sign Framework Cooperation Agreement with TenneT.
  • Agreement covers 2 GW offshore wind programme with six projects.
  • Projects include IJmuiden Ver Alpha, Nederwiek 1, Nederwiek 3, and LanWin 5.
  • Total transmission capacity of 8 GW at 525 kV is involved.
  • Deal enhances L&T's global footprint in sustainable energy infrastructure.