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https://finance.yahoo.com/news/two-ge-led-consortiums-agreement-061500670.html
CHEONG LIAO !!!slingshotpro ( Date: 30-Mar-2023 14:19) Posted:
General Electric's renewable energy's Grid Solutions business gets three high-voltage direct current contracts for a total of about ?6b, according to a statement.
* Contracts awarded as part of consortium with Sembcorp Marine for TenneT's 2GW Program in the Netherlands
* TenneT and a consortium formed by GE and McDermott have also entered into an agreement
** Based on this, TenneT plans to award two further HVDC contracts in Germany for a total of about ?4b |
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Hope is not right issue or placement
Coyote66 ( Date: 30-Mar-2023 14:20) Posted:
| Selling pressure just before announcement of halt is not a good sign. Anyway let's keep our fingers crossed and start praying. Maybe the Man upstairs will help us :-) |
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Paris, FRANCE - March 30, 2023 - GE Renewable Energy&rsquo s
Grid Solutions business (NYSE: GE) announced today that it has been awarded three
High-Voltage Direct Current (HVDC)contracts for a total of approximately 6 billion euros as part of a specially formed consortium with
Sembcorp Marine for
TenneT&rsquo s innovative
2GW Program in the Netherlands. The contracts have been awarded as part of a five-year Framework Cooperation Agreement with the possibility to extend for another three years.
Furthermore, TenneT and a consortium formed by GE and
McDermott have entered into an agreement based on which TenneT plans to award two further HVDC contracts in Germany for a total of approximately 4 billion euros to this consortium in April 2023.
The five contracts for the GE consortia are among 11 two-gigawatt (GW) contracts awarded to HVDC suppliers by the Dutch-German Transmission Systems Operator (TSO) as part of its goal to connect 40 GW of offshore wind farms to the high voltage grids in the Netherlands and Germany. TenneT&rsquo s large-scale project resulted from the
Esbjerg Declaration in May 2022 at the North Sea Energy Summit, where Germany, the Netherlands, Denmark, and Belgium agreed to jointly install at least 65 GW of offshore wind energy by 2030 - up from 20 GW today - to accelerate Europe&rsquo s energy security following recent geopolitical developments. TenneT plans to install 20 GW each in the Dutch and German North Sea.
The GE consortia projects cover the offshore converter platforms and the onshore converter stations for the two-way conversion between alternating and direct current. The converter stations are based on bipolar
Voltage-Sourced Converter (VSC) technology &ndash the most advanced HVDC technology &ndash and will have double the capacity compared to previous monopole grid connection systems, resulting in fewer cables and platforms.
Tim Meyerjü rgens, TenneT COO, said: &ldquo We are delighted to be working with GE and their consortium partners as part of our task to connect 40 GW offshore wind in the North Sea, one of the most important infrastructure projects of the century. TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea, while GE and its consortium partners have the HVDC expertise. Together, with the GE consortia and other HVDC partners we will accelerate the development of the offshore grid, thereby strengthening Europe&rsquo s energy security and putting Europe on track to become the world' s first climate-neutral continent by 2050.&rdquo
Philippe Piron, CEO of GE Grid Solutions, said: " Together with our consortium partners Sembcorp Marine and McDermott, we are honored and pleased to play a key role in this critical infrastructure project for European energy security and decarbonization. These awards confirm that GE&rsquo s Voltage-Sourced Converter HVDC technology is now recognized as one of the most advanced in the world."
Johan Bindele, Senior Executive Director of the Grid Solutions Grid Systems Integration Business Line, added: " Our new and exciting partnership with TenneT will allow GE Grid Solutions to demonstrate its ability to deliver on this critical HVDC infrastructure and confirms our ambition to be a leading systems provider in the fast-growing HVDC market.&rdquo
Selling pressure just before announcement of halt is not a good sign. Anyway let's keep our fingers crossed and start praying. Maybe the Man upstairs will help us :-)
42M on Q to buy now after halting vs 20M before halting, must be good news that they started to join the Q.
General Electric's renewable energy's Grid Solutions business gets three high-voltage direct current contracts for a total of about ?6b, according to a statement.
* Contracts awarded as part of consortium with Sembcorp Marine for TenneT's 2GW Program in the Netherlands
* TenneT and a consortium formed by GE and McDermott have also entered into an agreement
** Based on this, TenneT plans to award two further HVDC contracts in Germany for a total of about ?4b
Must be good news, just took over then release bad news is not a wise move...
Waterrat ( Date: 30-Mar-2023 14:09) Posted:
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Can award all the govt projects to SM and absorp all the workers.
Stocky901 ( Date: 30-Mar-2023 13:57) Posted:
Can not be so fast as the new team still not yet proven their capabilities. 🧐
Eagle88 ( Date: 30-Mar-2023 13:54) Posted:
| What if TH privatise SM? What will be the offer price |
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Hopefully 🙏 not bad news
largi best
eugesun ( Date: 30-Mar-2023 13:57) Posted:
30 cents better...lol...
soonsoonhuat ( Date: 30-Mar-2023 13:55) Posted:
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30 cents better...lol...
soonsoonhuat ( Date: 30-Mar-2023 13:55) Posted:
hopefully 15 cts
Eagle88 ( Date: 30-Mar-2023 13:54) Posted:
| What if TH privatise SM? What will be the offer price |
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Can not be so fast as the new team still not yet proven their capabilities. 🧐
Eagle88 ( Date: 30-Mar-2023 13:54) Posted:
What if TH privatise SM? What will be the offer price?
Stocky901 ( Date: 30-Mar-2023 13:30) Posted:
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hopefully 15 cts
Eagle88 ( Date: 30-Mar-2023 13:54) Posted:
What if TH privatise SM? What will be the offer price?
Stocky901 ( Date: 30-Mar-2023 13:30) Posted:
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What if TH privatise SM? What will be the offer price?
Stocky901 ( Date: 30-Mar-2023 13:30) Posted:
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think something to do with material development in operation car wash?
was mentioned in yesterday' s announcement.
Yes, support, calling for investigation ,,,
Stocky901 ( Date: 30-Mar-2023 13:42) Posted:
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*fingers crossed* Heart attack many times liao bcos of this counter.
Siao liao, SCM is really jinx for trading halt pending news announcement, always share price big fall after announcement 😑 😑 😑 🤦 🏻 &zwj ♂ ️ 🤦 🏻 &zwj ♂ ️ 🤦 🏻 &zwj ♂ ️
High chance of good news than bad news as the SP has gone up in the past few days. Chris is going to open his golden mouth that we are waiting for.
kentlim ( Date: 30-Mar-2023 13:27) Posted:
| Today SCM got sell down and follow by Halt, look like NOT so good.... |
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Hoping for shares consolidation......
