IN BRIEF: Tekmar wins PS4 million offshore windfarm contract
Tekmar Group PLC - Newton Aycliffe, England-based technology and services provider for the offshore energy industry - Secures contract worth over £4 million from ‘an established customer’, to supply its 10th generation cable protection systems, and associated ancillaries, to ‘a large European offshore windfarm’. Says it will deploy its in-house engineering expertise and holistic design capabilities to deliver an optimised technical solution for the project. Expects to complete delivery during financial 2027, and expects revenue recognition across both financial 2026 and 2027.
Chief Executive Officer Richard Turner comments: ‘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 newsflow which evidences the long-term growth opportunity in this maturing market.
‘The increased European intergovernmental collaboration announced with the Hamburg Declaration supports the acceleration of offshore wind deployment...This announcement comes after the UK delivered a record-breaking offshore wind auction in January 2026, securing 8.4 GW of additional offshore wind capacity. These key industry milestones enhance our market visibility and align directly with our Project Aurora growth strategy.’
Current stock price: 11.00 pence, up 7.3% on Friday in London
12-month change: up 62%
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