Nexans Clarifies Position on the Great Sea Interconnector Project
Nexans Addresses Great Sea Interconnector Concerns
Nexans wishes to clarify its position regarding the Great Sea Interconnector (GSI) project. Recent articles have raised questions about the project's future, and Nexans is keen to assure all stakeholders that we are well prepared.
Financial Stability and Project Readiness
It is essential to highlight that all cables manufactured for the GSI project have been fully funded. This proactive measure eliminates any financial risks that could arise from potential alterations in the project schedule or scope.
Nexans is proud to offer cutting-edge High Voltage Direct Current (HVDC) cable solutions, which are currently sought after in numerous international projects. Our ability to adapt and redirect manufacturing capabilities to meet the needs of current and future initiatives reflects our commitment to efficiency and resilience.
Commitment to Sustainable Electrification
At the heart of Nexans' mission is the commitment to sustainable electrification. We are a global leader, driving the transition to a connected and low-carbon future through innovative cable solutions. Our products serve various sectors ranging from renewable energy to smart infrastructure in urban communities.
About Nexans
Nexans has been a formidable player in the electrical sector for over 140 years, operating across three key business areas: Power Transmission, Power Grid, and Power Connect. These sectors combine deep industry knowledge with pioneering technology, further cementing our role in accelerating the global energy transition.
Our unique approach, encapsulated in the E3 model—Environment, Economy, and Engagement—guides every aspect of our operations. With a workforce of 28,500 across 41 countries, we generated €7.1 billion in sales last year, reflecting our growth and commitment to a sustainable future.
Nexans is on a confirmed path to achieving net-zero emissions by 2050 in alignment with the Science Based Targets initiative (SBTi). Our aim is to extend access to energy while promoting environmental responsibility through our philanthropic endeavors via the Fondation Nexans.
Nexans Contact Information
For further queries regarding the Great Sea Interconnector project or any other concerns, please contact:
Investor Relations
Audrey Bourgeois
Telephone: +33 (0)1 78 15 00 43
Email: audrey.bourgeois@nexans.com
Communication Team
Mael Evin (Havas Paris)
Telephone: +33 (0)6 44 12 14 91
Email: nexans_h@havas.com
Frequently Asked Questions
What is the Great Sea Interconnector project?
The Great Sea Interconnector project aims to create a link between different energy markets, enhancing energy security and promoting renewable sources.
How is Nexans involved in this project?
Nexans is responsible for providing the necessary cable solutions to connect the energy systems and ensure the project's success.
What financial preparedness does Nexans have for this project?
All required cables have already been paid for, eliminating financial exposure from potential project delays or changes.
What is Nexans' commitment to sustainability?
Nexans is dedicated to achieving net-zero emissions by 2050, supporting environmental initiatives and sustainable energy practices.
How can stakeholders reach Nexans for inquiries?
Stakeholders can contact Nexans through their investor relations or communication team directly via the provided emails.
About The Author
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