May 26, 2023

NKT finalises power cable contract for offshore wind farm in Poland

Save to read list Published by Jessica Casey, Deputy Editor Energy Global, Tuesday, 06 June 2023 12:00

NKT is finalising the contract for offshore export power cables for the first major offshore wind farms in Poland awarded by Baltic Power Sp. z.o.o. For NKT, the order is expected to have a value of more than €120 million (more than €110 million in standard metal prices) and will comprise the design and production of approximately 130 km of 230 kV high-voltage power cables for the Baltic Power offshore wind park.

The export power cables will be produced at the NKT factory in Cologne, with expected commissioning of the full project in 2026. The order award will not change the 2023 financial outlook for NKT.

The order is subject to formal contract signature expected end of June 2023 and a subsequent final notice to proceed.

The Spring 2023 issue of Energy Global hosts an array of technical articles focusing on offshore wind, solar technology, energy storage, green hydrogen, waste-to-energy, and more. This issue also features a regional report on commodity challenges facing Asia's energy transition.

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