Clarifying the Status of the Great Sea Interconnector Project
Overview of the Great Sea Interconnector Project
The Great Sea Interconnector project has been a significant topic recently, raising questions and discussions in various articles. Nexans wishes to provide clear and concise information regarding this project.
Nexans’ Financial Stability
Nexans is pleased to announce that all cables manufactured for the Great Sea Interconnector project have been fully paid for. This ensures there are no financial risks associated with potential adjustments that may arise during the project's lifecycle. The company’s advanced high-voltage direct current (HVDC) cable solutions are in great demand as they are pivotal in numerous global projects.
Flexibility of Manufacturing Capacity
Given the strong demand for Nexans’ products, any available manufacturing capacity not utilized for the Great Sea Interconnector can seamlessly be redirected to other ongoing and upcoming projects. This adaptability highlights Nexans' operational efficiency and commitment to ensuring timely delivery and service for all its clients.
About Nexans: Pioneering Sustainable Electrification
Nexans stands as a leader in the field of sustainable electrification, continuously striving to build systems that empower the transition towards a connected, resilient, and low-carbon future. The company specializes in crafting innovative solutions that include advanced cable systems, accessories, and associated services dedicated to meeting the evolving energy demands of society.
Nexans’ Commitment to Innovation
Having over 140 years of rich history in the industry, Nexans has structured its business model around three core segments: PWR Transmission, PWR Grid, and PWR Connect. By merging profound industry insight with cutting-edge technological advancements, Nexans accelerates the energy transition and meets the diverse requirements of its clientele.
Social Responsibility and Climate Commitment
Nexans prioritizes social responsibility through its unique E3 model, which encapsulates Environment, Economy, and Engagement. This model is embedded in every operational facet, ensuring that the pursuit of excellence is aligned with impactful purpose. Moreover, as a recognized leader in climate action, Nexans is committed to achieving Net-Zero emissions by 2050. This commitment reflects the guidelines established by the Science Based Targets initiative (SBTi).
Global Presence and Economic Impact
Nexans has established a significant global footprint, operating across 41 countries with a talented workforce of around 28,500 professionals. In the past year, Nexans reported standard sales of €7.1 billion, solidifying its position as a key player in sustainable electrification markets.
Contact Information
Nexans maintains strong communication channels for inquiries and further information:
Investor Relations
For investor-related questions, please reach out to Audrey Bourgeois at Tel.: +33 (0)1 78 15 00 43 or via email at audrey.bourgeois@nexans.com.
Communication Inquiries
For media and communication inquiries, please contact Mael Evin at Tel.: +33 (0)6 44 12 14 91 or email nexans_h@havas.com.
Additional Contacts
For further assistance, you can reach Olivier Daban at Olivier.daban@nexans.com.
Another point of contact is Maellys Leostic. For inquiries, you can contact her via email at maellys.leostic@nexans.com.
Frequently Asked Questions
What is the Great Sea Interconnector project?
The Great Sea Interconnector project aims to enhance energy links and facilitate the transition towards sustainable electrification across regions.
How is Nexans ensuring financial stability related to this project?
Nexans has fully paid for all cables linked to the project, thus mitigating any financial exposure due to adjustments.
What are Nexans' core business sectors?
Nexans operates within three main sectors: PWR Transmission, PWR Grid, and PWR Connect, focusing on innovative cable solutions and services.
How committed is Nexans to sustainability?
Nexans is dedicated to achieving Net-Zero emissions by 2050 and actively engages in responsible practices aligned with the Science Based Targets initiative.
Where is Nexans headquartered?
Nexans is headquartered in Paris and has a substantial global workforce dedicated to promoting sustainable electrification.
About The Author
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