Scana — Capital/Financing Update 2024

Jul 15, 2024

Scana company secures a new shore power contract to Havnekraft AS.

Scana company secures a new shore power contract to Havnekraft AS.

Bergen, 15 July 2024: Scana-owned PSW Power & Automation has signed a contract to deliver a shore power system to Havnekraft AS. This is the second shore power system PSW Power & Automation delivers to Havnekraft.

The delivery includes the design and commissioning of a shore power system with total capacity of up to 4.8 MVA. The delivery is a turnkey contract including on site electrical infrastructure. PSW Power & Automation will design and manufacture the module-based shore power units with integrated frequency converters, switchgear, transformer and energy management system.

This is a sizeable (1) contract for the company. The project will start immediately, and delivery will take place in Q3-2025.

“The system will deliver clean energy to vessels at berth at Killingøy offshore and the subsea base in Haugesund, and we are very pleased to once again being trusted by Havnekraft AS for the expansion of their shore power offerings”, says Eirik Sørensen, Managing Director of PSW Power & Automation.

“Havnekraft continues our offensive commitment to more sustainable solutions and is pleased to award this contract to PSW Power & Automation. We look forward to continuing the well-established collaboration. The project at Killingøy is an important milestone for Havnekraft, as it means that we will have full shore power coverage at all Karmsund Havn's commercial facilities in Haugesund”, says Vidar Riise, CEO of Havnekraft.

(1) A sizeable contract is defined to be between NOK 20 million and NOK 50 million.

(2) A substantial contract is between NOK 50 million and NOK 150 million.

(3) A large contract is over NOK 150 million.

For more information, please contact:

Pål Selvik, CEO, Scana ASA, +47 970 46 502

Eirik Sørensen, Managing Director, PSW Power & Automation AS, +47 936 78 233

PSW Power & Automation in brief

PSW Power & Automation delivers complete solutions within electrification and renewable energy. The company specializes in the design and integration of electrical power systems, electrical infrastructure, energy storage systems and control systems. www.pswpower.no

Scana in brief

Scana is a listed industrial owner company in the ocean industries creating value through active ownership in market-leading portfolio companies. Scana is headquartered in Bergen and has above 500 employees. www.scana.no