The contract completes the range of surveys to be carried out by the company for the offshore wind areas Doordewind and Nederwiek.
Naples, 10 January 2025 – Next Geosolutions Europe S.p.A., a leading international company in the field of marine geosciences and offshore construction support services, mainly in the energy sector, with a focus on renewable energies (‘NextGeo’ or the ‘Company’), listed on the Euronext Growth Milan market, announces the award of a contract with TenneT TSO B.V. (“TenneT”) for a total of €27 million.
This contract involves the execution of marine UXO survey, to identify and locate magnetic anomalies potentially associated with unexploded ordnance, which may represent obstacles to the installation of new offshore infrastructure, in the “Doordewind” offshore wind area. Additionally, the contract includes an UXO survey in the “Nederwiek” offshore wind area, where the Company successfully conducted similar activities during 2024.
Operations in the Nederwiek area are scheduled to start in Q1 2025 and will continue within the year, while those in the Doordewind area are planned to take place between Q1 and Q4 2026. This new project enables NextGeo to perform additional activities that, upon completion, will mean the Company has op erated in almost all Dutch areas designated for the development of the offshore electrical grid, one of the most advanced in Europe.
This contract further strengthens the collaboration between NextGeo and TenneT, reaffirming the Company’s strategic role in the international offshore sector, thanks to its expertise, proven know-how, and high safety standards delivered in its projects.
Giovanni Ranieri, CEO of NextGeo, stated: “We would like to thank TenneT TSO BV once again for their continued trust in us, which validates the solid foundation we have built over the past five years. This new award highlights NextGeo’s ability to provide all survey services necessary for the design and engineering of new energy infrastructure. It also underscores the effectiveness of our strategy, which aims to establish NextGeo as a contractor capable of autonomously managing the entire project lifecycle, offering clients comprehensive support across all phases of their projects.”
This new contract further reinforces the company’s backlog, confirming the robustness of NextGeo’s business model and the achievement of its development objectives outlined at the IPO. The growth in operational activities is also supported by the recent acquisition of two new vessels (“NG Explorer” and “Deep Helder1 ”), enabling a more effective response to an expanding market while maintaining an asset-light structure.
