Oslo-listed Subsea 7 has landed a contract worth more than $1bn to develop a windfarm off Scotland.

The company will install foundations and cables for 84 turbines for Beatrice Offshore Windfarm Limited (BOWL).

The facility will generate 588 MW of power once operational in 2019.

Subsea 7 will work with its 50%-owned venture Seaway Heavy Lifting on the project.

The work will take place in 2017 and 2018 using Seaway's two heavy-lift ships.

Subsea