Tekmar secures 'significant' wind farm cable project

Offshore energy technology and services provider Tekmar Group announced on Wednesday that Tekmar Energy has secured a “significant” contract to supply its products to protect subsea cables on a major operational offshore wind farm project.

The AIM-traded firm said the contract included work for Tekmar Energy's sister companies Subsea Innovation and AgileTek Engineering.

“The contract, which closely follows the announcement of Pipeshield's largest ever contract win, is for execution and revenue recognition in the current financial year ending 30 September and is valued in excess of £4.5m,” the Tekmar board said in its statement.

At 1503 GMT, shares in Tekmar Group were up 5.1% at 64.11p.