MT Højgaard Holding Makes Significant Strides in Energy Sector
MT Højgaard Holding’s business unit, MT Højgaard Danmark, has recently secured a substantial contract with the state-owned company Energinet. The scope of work involves the establishment of a new high-voltage station named AC Lindehøj, located at Solhøj in the municipality of Høje-Taastrup. This milestone contract is valued at DKK 241 million.
Details of the High-Voltage Station Project
The comprehensive contract covers the construction of buildings that will house the station’s high-voltage equipment, alongside terrain work on an impressive 71 hectares surrounding the site and the establishment of the construction grounds. The anticipated project timeline suggests that construction will kick-off in early 2026, contingent upon receiving the necessary environmental approvals and completing current archaeological excavations. Completion of the buildings is aimed for the spring of 2027.
Importance of the 400 kV Station
This new 400 kV high-voltage station will play a pivotal role in strengthening the electricity grid across Zealand and Lolland-Falster. It is essential for enabling the distribution of significant amounts of green energy generated by offshore wind turbines in the Baltic Sea to regions experiencing higher energy demands, particularly near Copenhagen and Northern Zealand.
Previous Collaborations and Expertise
MT Højgaard Danmark has an established history of completing critical infrastructure projects for Energinet and is involved in an ongoing partnership aimed at enhancing the electricity grid in western Denmark. This experience underpins their ability to manage such complex projects effectively.
Project Insights from MT Højgaard Danmark
Hasse Stouby Jensen, the Project Director at MT Højgaard Danmark, expressed enthusiasm for the project, stating, “The energy sector is a fascinating area for us, and our collaboration with Energinet has been fruitful. We have focused on securing this work scope because the Lindehøj project includes a high level of technical intricacy. Close coordination along with our technical partner, Hitachi, is essential. We are excited about the challenges this project presents.”
Financial Outlook Remains Stable
Despite this significant contract, MT Højgaard Holding’s outlook for 2025 remains unchanged. The company forecasts a revenue level between DKK 10 billion and DKK 10.5 billion, projecting an operating profit (EBIT) of DKK 400-450 million. This stability underlines the firm’s strong market position and commitment to long-term growth.
Contact Information for Further Inquiries
For further details regarding this announcement, please reach out to CEO Rasmus Untidt or CFO Dennis Nørgaard at +45 31 21 68 72.
Frequently Asked Questions
What is the value of the new contract awarded to MT Højgaard Danmark?
The contract is valued at DKK 241 million, covering various work scopes related to the high-voltage station construction.
When is the construction of the high-voltage station expected to begin?
Construction is set to begin in early 2026, pending necessary environmental approvals and archaeological excavations.
What role will the new high-voltage station play in Denmark's energy landscape?
The new station will facilitate the distribution of renewable energy from offshore wind turbines to high-demand areas, significantly enhancing the grid’s capacity.
Who are the key partners involved in the Lindehøj project?
MT Højgaard is collaborating closely with Energinet and the technical supplier Hitachi on this project.
Is the financial outlook for MT Højgaard Holding affected by this contract?
No, the company’s outlook for 2025 remains stable, with projected revenue and EBIT unchanged despite the new contract.
