) has installed the world's most powerful highest-voltage
offshore converter station, DolWin alpha, in the North Sea. This
new 320 kilovolts converter station will primarily alternate the
current electricity generated from three wind farms off the coast
of Germany and convert it into high-voltage direct current (HVDC)
for transmission to the mainland. DolWin alpha has a power
transmission capacity of 800 megawatts and is believed to
establish a new record for power capacity and voltage level.
The installation of this high-voltage offshore converter
station is part of the large contract awarded to ABB by TenneT.
According to the contract, ABB will be responsible for the
offshore converter station, the sea and land cable systems as
well as the onshore converter station. The entire project
comprises the latest technology of ABB power semiconductors, with
increased performance, thereby ensuring higher profitability and
The DolWin alpha offshore wind convertor station is expected
to reduce the environmental impact as it replaces fossil-fuel
based generation instead of carbon dioxide emissions.
Traditionally, this plant was emitting 3 million tonnes of carbon
dioxide each year.
The installation of the 9,300 metric ton platform that
includes the converter station took three days. The entire
platform was transported offshore through a barge and was then
lifted by the world's largest crane vessel Thialf and positioned
on top of the already installed jacket.
ABB is one of the leading providers of HVDC technology since
the past 60 years and has received approximately 90 HVDC projects
reflecting a total installed capacity of more than 95,000
megawatts (MW). This is about half the global installed base. ABB
is uniquely positioned in the industry with in-house
manufacturing capability for power semiconductors, converters and
high voltage cables, the key components of HVDC systems.
However, the commissioning of the world's highest-voltage
offshore converter station is a key milestone for ABB.
Based in Zurich, Switzerland, ABB is a leader in power and
automation technologies that enable utility and industry
customers to improve performance while lowering the environmental
impact. ABB currently has a Zacks Rank #4 (Sell).
However, some other stocks worth considering at the moment are
Plug Power Inc.
AO Smith Corp.
). Rexnord Corp has a Zacks Rank #1 (Strong Buy) while Plug Power
and AO Smith carry Zacks Rank #2 (Buy).
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SMITH (AO) CORP (AOS): Free Stock Analysis
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REXNORD CORP (RXN): Free Stock Analysis
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