Nexans' Strategic Partnership with TenneT
Nexans, the global leader in cable systems and services, has solidified its strategic partnership with TenneT. This collaboration is exemplified through a new project that forms a part of their ongoing framework agreement.
Significance of the Project
The current project encompasses the Engineering, Procurement, Construction, and Installation (EPCI) of 250 km of High-Voltage Direct Current (HVDC) cable systems. These cables are set to enhance the LanWin 2 offshore grid connection system, which aims to transmit a significant capacity of 2GW of offshore wind energy from the German North Sea to the mainland.
Investment in Renewable Energy
Valued at 1 billion euros, this initiative not only marks another milestone in Nexans' journey but also strengthens their foothold in the burgeoning European offshore wind sector. By harnessing state-of-the-art 525 kV Cross-Linked Polyethylene (XLPE) technology, Nexans is positioning itself as a pivotal player in the transition to renewable energy.
Project Overview
Nexans has successfully secured this project agreement, continuing its legacy of innovation in electric cable solutions. This ambitious undertaking falls under TenneT's 2 GW offshore grid connection program, with an expected commissioning date set for 2030. Nexans is committed to delivering effective and sustainable energy solutions to support Germany’s energy ambitions.
Past Collaborative Efforts
This project is a continuation of Nexans' partnership with TenneT, which follows successful collaborations on the BalWin3 and LanWin4 initiatives. These projects collectively aim to develop critical infrastructure that will bolster the renewable energy capabilities essential for powering Germany and the wider European regions.
Insights from Leadership
Commenting on this significant achievement, Pascal Radue, EVP of Nexans’ PWR-Transmission Business Group, expressed pride in securing the agreement under the TenneT framework. He stated, "This accomplishment reflects Nexans’ unwavering commitment to innovative cable solutions and our determination to facilitate Europe's energy transition."
Nexans' Commitment to Sustainability
For over a century, Nexans has played a vital role in global electrification, demonstrating a firm commitment to sustainability and renewable energy. With a workforce of approximately 28,500 across 41 countries, the company is paving the way for a safe and sustainable electricity future that is accessible to everyone. Last year, Nexans reported impressive sales of 6.5 billion euros, consolidating its position as a leader in the cable industry across various business sectors, including PWR-Transmission, PWR-Grid, PWR-Connect, and Industry & Solutions.
Community Impact and Climate Leadership
Nexans has pioneered initiatives that promote sustainability, establishing a foundation to support energy accessibility for underprivileged communities around the globe. The company has also received recognition for its climate action efforts, being listed on the CDP Climate Change A List, affirming its commitment to achieving Net-Zero emissions by 2050 in alignment with the Science Based Targets initiative (SBTi).
Contact Information
For more information regarding Nexans and its advancements, please reach out to the contacts below:
Communication Contacts:
Mael Evin (Havas Paris)
Tel: +33 (0)6 44 12 14 91
Email: nexans_h@havas.com
Tilla Myhre
Tel: +47 45250987
Email: Tilla.myhre@nexans.com
Ilham Dahou
Tel: +212 666467290
Email: ilham.dahou@nexans.com
Investor Relations:
Elodie Robbe-Mouillot
Tel: +33 (0)1 78 15 03 87
Email: elodie.robbe-mouillot@nexans.com
Frequently Asked Questions
What is the main focus of the new Nexans project?
The main focus is the EPCI of 250 km of HVDC XLPE technology cables for the offshore grid connection, enhancing renewable energy transmission.
How much is the project with TenneT valued at?
The project is valued at 1 billion euros, which denotes a significant investment in renewable energy infrastructure.
When is the project expected to be commissioned?
The commissioning of this project is anticipated to occur in 2030.
How has Nexans contributed to sustainability?
Nexans has made considerable efforts toward sustainability, including creating a foundation to improve energy access for disadvantaged communities worldwide.
What recognition has Nexans received for its climate initiatives?
Nexans is listed on the CDP Climate Change A List for its leadership in climate action and is committed to achieving Net-Zero emissions by 2050.
