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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Subsea 7 SA - Ads Representing One Common Share (MM) | NASDAQ:SUBC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.94 | 0 | 01:00:00 |
From Jun 2019 to Jun 2024
Scottish & Southern Energy PLC (SSE.LN), said Wednesday that it has entered into a Memorandum of Understanding under which the companies involved will form an alliance to collaborate on Scottish & Southern's offshore wind program, with the aim of securing substantial reductions in the cost of delivered power from offshore wind farms.
MAIN FACTS:
-The companies are Siemens PLC, Siemens Transmission and Distribution Ltd, Subsea 7 Ltd, Burntisland Fabrications Ltd and Atkins,
-Over the next few months, the parties will work closely together to agree the formal commercial arrangements of the alliance before embarking on design activities.
-This builds on SSE's agreement last year with Mitsubishi Heavy Industries and Mitsubishi Power Systems Europe to cooperate on the development of the next generation of offshore wind turbines.
-The new alliance is designed to meet the challenges of high capital costs and supply chain sustainability, thereby supporting the development and construction of offshore wind projects.
-In due course, the companies will co-locate activities covered by the new agreement in the Centre of Engineering Excellence for Renewable Energy established by SSE and the University of Strathclyde in Glasgow.
-Jim Smith, Director of Offshore Renewables for Scottish & Southern
-Scottish & Southern shares at 1010 GMT up 1 pence, or 0.08%, at 1214 pence, valuing the company at GBP11.32 billlion.
-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; razak.baba@dowjones.com
1 Year Subsea 7 SA - Ads Representing One Common Share (MM) Chart |
1 Month Subsea 7 SA - Ads Representing One Common Share (MM) Chart |
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