nkt cables receives contract from DONG Energy for Hornsea Project One

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12 April 2016, Nuclear, Solar, Wind

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Hornsea Project One will be nkt cables' third large offshore project in co-operation with DONG Energy. The wind farm will be placed 120 km off the Yorkshire coast in the UK, and the cable system supplied by nkt cables will connect the central circuit of the wind farm with the mainland grid, and also to the other circuits via two offshore interlinks. The wind farm electrical system will be fully operational in 2019.

For nkt cables the order will have a contract value of approximately EUR 139m. The cables will be manufactured in Cologne, Germany, in 2017 and will be delivered for installation in early 2018.

Michael Hedegaard Lyng, CEO of nkt cables says: "The award of yet another large contract for a major offshore wind farm by DONG Energy clearly underlines our position as a key player in the supply of cables for the offshore wind sector and emphasises that our customers see us as a strong and reliable partner on these complex projects. The offshore market is a key segment in our EXCELLENCE 2020 strategy and the award of this order supports our view that it holds attractive prospects in the coming years. At the same time, the order ensures full visibility for 2017."

Source: MarketLine

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