2022 Universal Registration Document

Key Data

LARGE EPC PROJECTS

Cobra IS possesses all the expertise in electromechanical engineering required for turnkey construction and management of large projects, essentially in the energy sector. It is for instance working on numerous photovoltaic projects for third parties in Spain and Portugal, including 20 power plants that will produce a total of 1.6 GWp for Portuguese group Galp in Spain.

In Brazil, Cobra IS is building and will operate a 345 km extra-high-voltage power line, including the substations, between Tucuruí II and Marituba. It was awarded two similar contracts in October 2022:

One under a public-private contract, by the Brazilian Electricity Regulatory Agency (Aneel), in the state of Minas Gerais, near São Paulo, to finance, design, build and operate six 500 kV transmission lines spanning 1,020 km, four transmission line sections covering 63 km, a new substation and extensions on eight existing substations;

Another to design and build 1,000 km of high-voltage lines also in Minas Gerais.

Elsewhere in Brazil, Cobra IS is building the infrastructure to carry the electricity produced by the Novo Horizonte wind farm in the state of São Paulo; and by the 565 MW Marlim Azul combined-cycle gas plant in Macaé, in the state of Rio de Janeiro, for a consortium encompassing Shell, Mitsubishi and Brazilian investment fund Patria.

Through its specialist subsidiary Dragados Offshore, Cobra IS has established a solid worldwide reputation in the field of large energy-related installations at sea. It has three yards in Spain and Mexico. In this niche market with only a handful of global players, Dragados Offshore was selected in July 2022, alongside Siemens Energy, to design, build and install two plat-forms to convert electricity from wind farms in the North Sea, off the German coast. These two platforms will convert the alternating current from the wind farms into high-voltage direct current for trans-mission to onshore stations up to 280 km away. The two platforms’ combined capacity of 1.8 GW will be sufficient to power a city with a population of 1.8 million. Construction of the platforms at Dragados Offshore’s yard in Cádiz will provide jobs for over 1,000 people until 2027. The same consortium was awarded a similar design-build-install contract in January 2023, involving two other converter platforms in the North Sea, with total capacity of 4 GW.

The other large projects awarded in 2022 include:

In Germany, engineering and construction of the country’s first LNG regasification terminal, in Brunsbüttel, at the mouth of the Elbe river by the North Sea;