Peab to build transformer plant in Ludvika
Hitachi Energy has commissioned Peab to expand its power transformer production in Sweden through a turnkey project valued at $88 M (SEK 831 M).
Image for illustrative purposes
Sweden, Ludvika: Peab has been awarded a major construction contract by Hitachi Energy to build a new transformer production plant in Ludvika, Sweden, a project that was first announced in March. Valued at $88 M (SEK 831 M), the project marks Hitachi Energy’s largest single investment in Sweden to date.
The new facility will span 20,400 m2 and include a factory, office spaces, and locker rooms. Designed to produce large power transformers and shunt reactors, the plant will be integrated with Hitachi Energy’s existing operations in Ludvika, a key hub for energy infrastructure development.
Construction is scheduled to begin in June 2025, with completion expected by August 2027. The project will be delivered as a turnkey contract in partnering, following an initial Phase 1 collaboration where Peab worked closely with the client to optimise design, quality, and risk management.
“We are very proud to be part of Hitachi Energy’s important work in shaping tomorrow’s energy solutions. The plant in Ludvika is a unique project where Peab will be able to contribute a great deal through our expertise and perspective as the Nordic Community Builder,” said Stefan Danielsson, Business Area Manager Construction at Peab.
Thomas Wennberg, Plant Manager for Power Transformers at Hitachi Energy, emphasised the strategic value of the collaboration: “This is the single largest investment at Hitachi Energy in Sweden which we are now going to realise, and it has been essential to find the right construction partner. We are therefore very pleased that Peab will be building our new, ultra-modern plant together with us.”
The new plant is expected to enhance sustainable and innovative manufacturing capabilities as part of Hitachi Energy’s ongoing commitment to the energy transition.
The project will be officially recorded in Peab’s order backlog in Q2 2025.
Source: Trading View
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