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Tekmar nets £4m contract for ‘major’ offshore wind project

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Tekmar Group has secured a contract worth more than £4 million for the supply of its 10th Generation Cable Protection Systems (CPS) and associated ancillaries for a significant offshore windfarm development in Europe.

The contract, awarded by an established customer, will see Tekmar leverage its in-house engineering expertise and comprehensive design capabilities to deliver a technically optimised CPS solution. Delivery of the systems is scheduled during FY2027, with revenue expected to be recognised across both FY2026 and FY2027.

To date, Tekmar has supplied more than 12,000 cable protection systems worldwide, supporting the protection of over two-thirds of the world’s installed offshore wind capacity.

Phil Lanigan, Chief Financial Officer of Tekmar Group plc, commented:

“This contract reflects continued delivery against Project Aurora, adding further depth to our record order book and enhancing visibility into FY27. Since 1 July 2025, Tekmar has secured £43m of order intake, including in excess of £15m scheduled for execution beyond 30 September 2026. This represents a step change in order book strength and early visibility from historical levels.”

Richard Turner, Chief Executive Officer of Tekmar Group plc, added:

“We are delighted to support our customer on this project, which represents another landmark European offshore wind development utilising Tekmar’s differentiated CPS technology. We are encouraged by recent positive industry developments which demonstrate long-term growth in the offshore wind market. Continued intergovernmental collaboration and strong auction results across Europe support the acceleration of offshore wind deployment, aligning directly with our Project Aurora growth strategy.”

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