NKT Secures Cable Projects worth over USD 1 Billion for 2GW Grid Infrastructure Program

Under the agreement with TenneT, NKT will provide 525 kV XLPE high-voltage direct current (HVDC) onshore and offshore power cable systems for two projects – LanWin7 and NordOstLink. The contracts are expected to be called off in 2026-27 and will have a combined value of approximately USD 1.03 billion.

Dec 27, 2024

The Dutch-German transmission system operator, TenneT, has selected Danish subsea cable and services firm, NKT, to provide onshore and offshore high-voltage cable systems for two projects in Germany as part of its 2 GW grid infrastructure program.

Under the agreement with TenneT, NKT will provide 525 kV XLPE high-voltage direct current (HVDC) onshore and offshore power cable systems for two projects – LanWin7 and NordOstLink.

Watch: Top Cable Companies in India

The contracts are expected to be called off in 2026-27 and will have a combined value of approximately USD 1.03 billion, which includes cable design, engineering, production as well as on- and offshore installation.

The LanWin7 system is one of the offshore grid connection systems planned to connect to the multi-terminal hub in the area of Pöschendorf, Schleswig-Holstein. The  NordHub will integrate multiple DC and AC connections, facilitating the efficient transport of wind power from the North Sea to the onshore grid. The NordOstLink project involves laying additional cables to enhance the capacity and flexibility of the grid.

The projects are expected to be commissioned between 2033-34.

Also Read: Parmeshwar Metal Announces INR 24.74 Crore IPO

Claes Westerlind, President and CEO at NKT, said, ‘‘We are thrilled to be selected as a key partner for TenneT’s ambitious 2GW Program. We look forward to applying our advanced power cable technology to these two additional projects in Germany, which will enable the energy transition in Europe by facilitating the efficient transport of wind power from the North Sea to the onshore grid.’’

With the LanWin7 and NordOstLink projects, a total of five projects have been awarded to NKT under the framework agreement, which runs until 2028 with possible extension until 2031.