Larsen & Toubro (NSE:LT): what is the new framework Agreement with TenneT? You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to its research reports, in-depth technical and fundamental research. Learn More On July 28, 2026, Larsen & Toubro Limited (NSE:LT) announced a framework cooperation agreement with TenneT for a 2 GW offshore wind programme, marking a significant step in renewable energy integration. Key highlights. * Larsen & Toubro has secured a Framework Cooperation Agreement with TenneT for a 2 GW offshore wind programme. * The consortium, including Hitachi Energy, will execute six projects under TenneT's HVDC programme. * Two ongoing projects, IJmuiden Ver Alpha and Nederwiek 1, will continue execution in the Netherlands. * New projects, Nederwiek 3 and LanWin 5, will be launched in the Netherlands and Germany, respectively. * The cumulative transmission capacity of these projects will reach 8 GW, operating at 525 kV. * L&T will handle the offshore converter platforms and associated infrastructure, while Hitachi Energy will provide HVDC Light(R) technology. * This agreement enhances L&T's international footprint in sustainable offshore energy infrastructure. About the company. Larsen & Toubro Limited (NSE:LT) is a USD 32 billion Indian multinational company engaged in engineering, procurement, and construction (EPC) projects, hi-tech manufacturing, and various services. Headquartered in Mumbai, India, L&T operates across diverse domains and multiple geographies, focusing on quality and technological advancements to maintain its leadership in the industry. Announcement in detail. On July 28, 2026, Larsen & Toubro Limited announced the successful conclusion of a Framework Cooperation Agreement (FCA) for a 2 GW offshore wind programme with TenneT. The agreement is aimed at supporting the large-scale integration of offshore renewable energy, facilitating Europe's transition to a sustainable energy future. The consortium, which includes Hitachi Energy, will work on six projects under TenneT's ambitious HVDC programme. This includes the continuation of two ongoing projects in the Netherlands, IJmuiden Ver Alpha and Nederwiek 1, and the initiation of two new projects, Nederwiek 3 and LanWin 5, in the Netherlands and Germany, respectively. Collectively, these projects will provide a cumulative transmission capacity of 8 GW at 525 kV. L&T will be responsible for the engineering, procurement, construction, and installation of offshore converter platforms and associated infrastructure. Hitachi Energy will contribute its HVDC Light(R) technology for efficient power conversion and transmission. This collaboration combines L&T's expertise in offshore engineering with Hitachi Energy's advanced power transmission capabilities, positioning them to effectively support the decarbonisation goals of Europe. Impact on investors. Investors will note that this framework agreement enhances L&T's position in the renewable energy sector, potentially leading to increased revenue streams from offshore projects. The disclosed terms indicate a strong commitment to sustainable energy infrastructure, which may positively influence the company's long-term growth trajectory. Furthermore, this agreement solidifies L&T's international presence in the renewable energy market, which could attract more investors interested in sustainable projects. The expansion into new projects in Europe reflects strategic growth, which shareholders may view as a positive development for the company's future prospects. Sector / market context. The renewable energy sector is experiencing significant growth, driven by increasing global demand for sustainable energy solutions. According to the International Energy Agency, offshore wind capacity is expected to grow substantially, with Europe leading the way in investments and project developments. This backdrop positions L&T's recent agreement with TenneT as a timely and strategic move within a rapidly evolving energy market. Unlock Premium Articles for Exclusive Insights! Disclaimer: The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. Kalkine Solutions Pvt. Ltd. do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. Kalkine Solutions Pvt. Ltd. is not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. Kalkine Solutions Pvt. Ltd. is not liable for any decisions made or actions taken based on the information provided on this website.

L&T and Hitachi join TenneT's 2 GW HVDC programme to support 8 GW offshore wind expansion - EQ. In Short: Larsen & Toubro (L&T) and Hitachi have joined TenneT's 2 GW high-voltage direct current (HVDC) programme, which is being developed to support approximately 8 GW of offshore wind projects. The collaboration strengthens the transmission infrastructure required for large-scale offshore renewable energy integration, enhances grid connectivity, and supports Europe's transition toward a cleaner and more resilient electricity system powered by offshore wind. In Detail: Larsen & Toubro (L&T) and Hitachi have joined TenneT's 2 GW high-voltage direct current (HVDC) programme, marking a significant development in the expansion of offshore renewable energy infrastructure in Europe. The programme is designed to support the integration of approximately 8 GW of offshore wind capacity into the electricity grid and represents one of the largest offshore transmission initiatives currently under development. The participation of L&T and Hitachi brings additional engineering, manufacturing, and technology capabilities to the programme. TenneT is developing a standardized 2 GW HVDC transmission platform intended to connect large offshore wind farms to onshore electricity networks more efficiently. Standardization is expected to reduce project complexity, accelerate deployment timelines, improve supply chain coordination, and lower long-term infrastructure costs. The programme forms an important part of broader European efforts to expand offshore wind generation rapidly while maintaining reliable grid integration. HVDC technology is particularly well suited for transmitting large quantities of electricity over long distances with lower transmission losses than conventional alternating current systems. Offshore wind projects are often located far from shore, making efficient long-distance transmission essential for delivering generated electricity to population and industrial centers. The 2 GW HVDC platform is expected to provide high-capacity connections capable of supporting the next generation of large offshore wind developments. The collaboration is likely to involve engineering, procurement, manufacturing, construction, and technology integration activities associated with offshore and onshore HVDC infrastructure. L&T's expertise in complex infrastructure execution and Hitachi's capabilities in power electronics and grid technologies are expected to contribute to the successful delivery of transmission assets within the programme. Such partnerships are increasingly important as offshore renewable projects become larger and more technically demanding. The programme is intended to support approximately 8 GW of offshore wind projects, a scale capable of supplying electricity to millions of households. Expanding offshore wind capacity is a key component of Europe's energy transition strategy and is expected to play a major role in reducing dependence on fossil fuels, improving energy security, and lowering greenhouse gas emissions. Transmission infrastructure development is therefore as important as generation capacity expansion in achieving renewable energy targets. Large-scale offshore wind integration requires substantial investment in grid modernization. Without adequate transmission capacity, renewable generation can face congestion, curtailment, and reliability constraints. The TenneT HVDC programme is designed to strengthen grid connectivity and ensure that offshore wind power can be transported efficiently from production areas to consumption centers, thereby maximizing the utilization of renewable electricity. The participation of international engineering and technology companies also highlights the increasingly global nature of the offshore wind supply chain. Offshore transmission projects require specialized equipment, advanced manufacturing capabilities, marine engineering expertise, and sophisticated grid technologies that often involve collaboration across multiple countries. Such cooperation can enhance project execution capacity and support the scaling of offshore renewable infrastructure. From an environmental perspective, enabling an additional 8 GW of offshore wind capacity can contribute significantly to emissions reduction efforts. Offshore wind generation produces electricity without direct carbon emissions during operation and can displace fossil-fuel-based power generation. Expanding offshore wind supported by robust transmission infrastructure can therefore play a meaningful role in achieving climate and clean energy objectives across Europe. Overall, the inclusion of L&T and Hitachi in TenneT's 2 GW HVDC programme represents an important step in the development of large-scale offshore transmission infrastructure. By supporting the integration of around 8 GW of offshore wind projects, the collaboration is expected to strengthen grid connectivity, improve renewable energy integration, support Europe's clean energy transition, and contribute to the creation of a more resilient and sustainable electricity system. Anand Gupta Editor - EQ Int'l Media Network

Pallas Rutkowski (Energyprofs) about her offshore assignment at TenneT. July 15, 2026 Consultancy.nl The 2GW program is one of the larger ongoing programs within TenneT's change portfolio. Pallas Rutkowski, Associate Partner at Energyprofs, is involved in the project and talks about her role and impact. As the manager of the high-voltage grid in the Netherlands and a large part of Germany, TenneT plays a crucial role in enabling the energy transition. With targets such as achieving 30 gigawatts of offshore wind energy by 2032, the complexity and scale of projects are increasing significantly. The 2GW program plays a key role in further developing the offshore electricity grid in the North Sea. Within this program, TenneT is working on the next generation of offshore grid connections. By designing smarter and standardizing, fewer platforms and cables are needed, allowing projects to be completed faster and more sustainably. Organization of technical specialists. Energyprofs supports TenneT in the execution of the 2GW program. From the consultancy firm, Pallas Rutkowski is involved as a Business Improvement Specialist in the Engineering & Services department. This department provides the technical specialists involved in the entire trajectory of offshore projects: from early exploration phases and permit procedures to engineering, realization, and delivery of platforms. 'The challenge lies not only in the technology, but also in how you optimally organize the surrounding structure,' says Pallas. 'The 2GW program requires clear structures, an efficient and scalable organization, strong collaboration, and knowledge retention within Engineering & Services.' From insight to structuring. What started as an analysis of the department's working methods and composition grew into a broader improvement assignment. Pallas mapped responsibilities within processes, worked with teams on a future-proof organization, and identified bottlenecks. 'The goal is to ensure that specialists are available at the right time, with the right expertise, in the right place,' explains Pallas. 'To achieve this, we look at, among other things, staff growth, budgeting, and strengthening knowledge retention.' By mapping processes and strengthening collaboration between teams and stakeholders, more overview and predictability is created in responsibilities, expectations, and execution. Better cooperation and greater impact. The improvements are bearing fruit. 'There is more clarity about roles and responsibilities, and teams are better able to find each other,' says Pallas. 'This leads to more efficient collaboration and greater impact.' Additionally, the focus on knowledge retention contributes to the continuity of the organization, which is essential for Engineering & Services, where a program with a long lead time and high complexity is being worked on. The internal 'client' - the projects within the 2GW program - also benefits from this. According to a manager at TenneT involved in the program: 'By better aligning with the needs of projects, we can provide faster and more targeted support with the right expertise.' Pallas's contribution is appreciated within TenneT. 'In an environment where growth, innovation, and time pressure come together, the emphasis is on creating calm and structure. With her dedication, Pallas contributes to a solid foundation within Engineering & Services,' says the client.