Nexans Partners with Interconnect Malta for Major Energy Project
Nexans has obtained a pivotal contract from Interconnect Malta (ICM) to supply the high-voltage subsea cables essential for Malta’s upcoming second interconnector. These cables will be manufactured at Nexans’ state-of-the-art facility located in Charleston, USA.
Supporting Renewable Energy Goals
This ambitious project is designed not just to stabilize Malta’s grid but also to align with the nation’s energy strategy aimed at meeting long-term climate and energy objectives. The integration of this interconnector will significantly bolster Malta's efforts to increase the share of renewable energy sources in its energy mix.
Importance of the New Interconnector
The interconnector, rated at 225 MW and operating at 220 kV, establishes a crucial subsea link between Maghtab, Malta, and Ragusa, Sicily. This installation complements the existing interconnector announced in 2015, which also involved Nexans.
A Commitment to Cleaner Energy
Pascal Radue, EVP of the Power Transmission Business Group at Nexans, expressed pride in contributing to Malta’s energy infrastructure. He emphasized that this new connection not only strengthens the energy link between Malta and Sicily but also reinforces the country’s transition towards a sustainable economy. By enhancing electricity supply resilience, this project is set to facilitate increased investments in renewable resources within Malta.
CEO Insights on the Project
Ismail D'Amato, CEO of Interconnect Malta, highlighted the strategic significance of this interconnector for Malta's electricity network. With this new connection, security of supply will markedly improve, ensuring that Malta has a robust and efficient power transmission system for the foreseeable future. He affirmed the importance of maintaining a strong partnership with Nexans throughout this venture.
Nexans' Role in Global Energy Solutions
This project is a testament to Nexans' commitment to providing innovative cable solutions and fostering advancements in critical energy infrastructure across the globe. As a leader in the design and manufacturing of cable systems, Nexans is at the forefront of electrifying the future sustainably.
Nexans: A Legacy of Electrification
For over a century, Nexans has significantly contributed to electrifying the world while championing initiatives focused on sustainability and decarbonization. With about 28,500 employees across 41 countries, Nexans continues to pave the way towards accessible, safe, and sustainable electricity for everyone. In the recent fiscal year, Nexans reported standard sales totaling €7.1 billion, reinforcing its position as a powerhouse in the cable systems sector.
Nexans' innovative vision positions it favorably as it strives to lead industry action on climate change, having committed to achieving Net-Zero emissions by 2050, following the Science Based Targets initiative (SBTi).
Contact Information
For inquiries regarding this vital project and Nexans' efforts, feel free to reach out:
Communication:
Mael Evin
Tel.: +33 (0)6 44 12 14 91
Email: nexans_h@havas.com
Olivier Daban
Email: Olivier.daban@nexans.com
Tilla Myhre
Email: tilla.myhre@nexans.com
Investor relations:
Audrey Bourgeois
Tel.: +33 (0)1 78 15 00 43
Email: audrey.bourgeois@nexans.com
Frequently Asked Questions
What is the significance of the Malta-Sicily interconnector?
The interconnector strengthens Malta's electricity system, enhances grid stability, and supports energy independence.
What role does Nexans play in this project?
Nexans is supplying high-voltage subsea cables for the interconnector, underscoring its expertise in power transmission.
How will this project influence Malta's energy supply?
It will improve security of supply, integrate renewable sources, and assist Malta in achieving its climate targets.
What are Nexans' commitments to sustainability?
Nexans aims for Net-Zero emissions by 2050 and actively supports sustainable electrification worldwide.
How can people contact Nexans for more information?
Individuals can reach out via the provided email addresses for inquiries about the project or company initiatives.
