L&T Secures Ultra-mega Offshore Wind Framework Agreement with TenneT for 2 GW Programme
Mumbai, July 28, 2026 – Larsen & Toubro (L&T) announced the successful conclusion of a Framework Cooperation Agreement (FCA) with TenneT under its 2 GW High Voltage Direct Current (HVDC) offshore wind programme.
What Happened and Why It Matters
L&T, together with Hitachi Energy, has signed the Framework Cooperation Agreement (FCA) with TenneT to support its 2 GW HVDC offshore wind programme. The agreement covers six offshore transmission projects, including future opportunities, and is aimed at accelerating the integration of offshore renewable energy into Europe's power grid.
Under the programme, the consortium will continue work on the IJmuiden Ver Alpha and Nederwiek 1 projects in the Netherlands while also executing two new projects: Nederwiek 3 in the Netherlands and LanWin 5 in Germany.
Together, these projects will provide a total transmission capacity of 8 GW at 525 kV. L&T will be responsible for the offshore converter platforms and associated construction, while Hitachi Energy will provide its HVDC Light power transmission technology.
Business Impact and Strategic Relevance
- Major International Win: L&T secured an ultra-mega framework agreement with TenneT in partnership with Hitachi Energy.
- Large Offshore Pipeline: The agreement covers six projects under TenneT's 2 GW offshore wind programme.
- 8 GW Transmission Capacity: The projects will enable large-scale transfer of renewable energy from offshore wind farms to onshore electricity grids.
- Strengthened Global Presence: The agreement reinforces L&T's leadership in offshore energy infrastructure while expanding its international project portfolio.
What to Watch Next
Investors will monitor the execution of the newly awarded offshore wind projects, progress on existing contracts, and additional opportunities under the framework agreement. The pace of offshore renewable energy investments across Europe could also influence future order inflows.
About Larsen & Toubro
Larsen & Toubro Limited (L&T) is a leading engineering, procurement, and construction (EPC) company with operations across infrastructure, energy, manufacturing, and technology services. The company executes large-scale projects in India and internationally, including renewable energy and offshore construction.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Coforge reports 49% revenue growth, PAT jumps 110% in Q1 FY27; declares interim dividend
Coforge Limited announced its financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting strong growth in revenue and profitability. The company also recommended an interim dividend of Rs 4 per equity share and maintained a healthy order pipeline.
Nitin Castings promoters launch voluntary delisting offer; floor price fixed at Rs 273.36 per share
Nitin Castings Limited's promoters have launched a delisting offer to acquire the company's public shareholding and delist its equity shares from the BSE. The offer aims to increase promoter ownership, simplify the company's structure, and reduce the costs of staying listed.
Oil prices slide over 5% as US-Iran pause raises hopes of diplomatic progress
Global oil prices fell sharply on Monday after the United States and Iran refrained from launching fresh military strikes over the weekend, easing concerns over supply disruptions in the Middle East. The pause in hostilities boosted hopes that diplomatic efforts could help stabilize the region and keep key shipping routes open.