RE: papers2 Apr 2023 17:02
I found this the most reassuring:
"The transmission stations will be hooked up via cables to wind turbines, which power the stations before the energy they generate is sent onshore. Five of the six stations being built will connect offshore wind farms to the Dutch grid, while the other will connect to the German grid. Each project is worth just over €2 billion, roughly split in half between Petrofac and Hitachi Energy. Work on the first station will start immediately, while the second project is due later in the year. The other stations are expected to be built between 2024 and 2026."
There is an enormous amount of income over multiple years. No way at all would PFC been awarded this size of contract if there was any risk of the company being at risk. Also Hitachi would not have partnered with them and risked their reputation if this was not rock solid.
TBH I am surprised this SP hasn't already flown past 100p. Should do this week IMO. ATB and as always, this is not advice just opinion.