ABB announces new partnerships for T&D projects
Switzerland, Zurich: As ABB decides to keep hold of its power business, the company has also announced two new strategic partnerships for the execution of transmission and distribution projects.
The company has partnered with Fluor to deliver large turnkey engineering, procurement and construction (EPC) projects for electrical substations globally, ABB said in a statement.
The company will also partner with a Norwegian company Aibel to deliver offshore wind integration solutions, where Aibel will take turnkey Engineering, Procurement and Construction responsibility for offshore platforms.
“Strategic partnerships like this are a core pillar of our Next Level strategy and help us to drive growth while mitigating risk,” said ABB CEO Ulrich Spiesshofer.