Tenders/Combined Marine and Construction Allrisk Insurance for HV/DC Grid Connection Systems North Sea Connector 1 and North Sea Connector 2 (Primary Policy)

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Combined Marine and Construction Allrisk Insurance for HV/DC Grid Connection Systems North Sea Connector 1 and North Sea Connector 2 (Primary Policy)

50Hertz Offshore GmbH

Published: Sep 18, 2026

Updated: Sep 20, 2026

Source: TED - Tenders Electronic Daily (EU)

About This Opportunity

This is a services contract in the finance and banking sector, with a focus on Insurance. Located in Germany, Europe, this opportunity is open to firms and consortiums, with an estimated budget of EUR 64.0 million. Proposals must be submitted before October 21, 2026.

Published through TED - Tenders Electronic Daily (EU), a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

Procurement of Combined Marine and Construction Allrisk Insurance for HV/DC Grid Connection Systems North Sea Connector 1 and North Sea Connector 2 The Grid Connection systems (North Sea Connector 1 and North Sea Connector 2) each consisting of Offshore Converter incl. auxiliary equipment, 525kV 2 GW DC offshore cable systems to DC Converter Onshore at Nordhub / Heidehub on German mainland, 525kV 2 GW DC onshore cable systems from KAS to Onshore Converter and onshore Converter Station incl. auxiliary equipment. The Onshore Converters at Nordhub / Heidehub and 525kV 2 GW DC onshore cable systems from Nordhub / Heidehub to KAS (cable section station) are not part of this tender. These assets are part of TenneT’s project share and will be insured by them. Insured Interest: ‘All Risks’ of physical loss or physical damage in respect of the North Sea Connector 1 and North Sea Connector 2 projects plus removal of Wreck, Debris and Sue & Labour and other coverage as per wording. Insurance policy wording will grant seamless transition from Marine- to Construction Allrisk Insurance. Inception of insurance cover will be with start of first construction works estimated in Q2 2027. The insurance period will end with final taking-over of the whole project estimated in 2033, followed by 24 months of Extended Maintenance. Key facts of tendered Coverage: Combined Marine and Construction Allrisk Insurance for HV/DC Grid Connection Systems North Sea Connector 1 and North Sea Connector 2 with a total insurable value of approx. 9,8 billion EUR (Primary Policy). For North Sea Connector 1 and North Sea Connector 2, separate policies are required with Single Loss Limit 800,000,000 EUR for each project (not cumulative).

Data provenance

This notice is sourced from TED - Tenders Electronic Daily (EU) and was originally published on September 18, 2026. Last refreshed today. Original language: German. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About 50Hertz Offshore GmbH

50Hertz Offshore GmbH has issued 7 procurement notices on BidsFactory, including 1 currently open and 5 awarded contracts. Activity concentrates in Architecture & Engineering Services, Construction & Civil Works, and Energy & Power. All notices are published for Germany. Notices are distributed via TED - Tenders Electronic Daily (EU) and DÖE Bekanntmachungsservice (Germany). Most recent publication: September 18, 2026.

Frequently asked questions about this tender

What is the estimated budget?

The estimated contract value is €64,000,000 - €64,000,000. Bidders should ensure their proposals are consistent with this range and account for any local taxes and contract execution costs.

Where will the contract be performed?

The contract is for delivery in Germany. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit TED - Tenders Electronic Daily (EU) to access the full notice, required documents, and submission instructions provided by the contracting authority.

When does this tender close?

The submission deadline is October 21, 2026. You have 32 days left to prepare and submit your proposal to the contracting authority.

Who is the contracting authority?

This notice was issued by 50Hertz Offshore GmbH in Germany. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.