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NKT has been awarded a framework agreement for TenneT’s 2GW Program to deliver significant volumes of offshore and onshore power cables. The 2GW Program is considered one of the most significant infrastructure projects in the green transformation of Europe.
https://www.nkt.com/news-press-releases/nkt-secures-pioneering-power-cable-framework-agreement-for-tennets-2gw-program
NKT provides preliminary financial figures for Q1 2023 and updates the financial outlook for 2023 following a positive start to the year.
https://www.nkt.com/news-press-releases/nkt-announces-preliminary-q1-2023-financial-figures-and-updates-financial-outlook-for-2023
NKT has been awarded a supply contract for the delivery of the high-voltage DC on- and offshore export cable system to the Hornsea 3 project which is being developed by Ørsted. For NKT, the final order has an estimated contract value of approx. EUR 500m in market prices (approx. EUR 400m in std. metal prices).
https://www.nkt.com/news-press-releases/nkt-awarded-supply-contract-for-the-hornsea-3-offshore-wind-farm-in-the-uk
As the official start to a long term partnership, a signing ceremony is taking place today between Taiwanese partners, Walsin Lihwa, and NKT. A delegation from NKT has travelled to Taiwan to visit the head office of Walsin Lihwa to ceremonially sign the Joint Venture and associated Service and Technology Licensing agreements. Final constitution of the joint venture is subject to customary regulatory procedures.
https://www.nkt.com/news-press-releases/signing-ceremony-in-taiwan-with-new-joint-venture-partner-walsin-lihwa
NKT has completed the power cable systems connecting six offshore platforms located at Utsira High to onshore power supply. The cable systems play a central role in reducing the carbon emissions from the Norwegian continental shelf with 1.2 million tonnes annually.
https://www.nkt.com/news-press-releases/nkt-finalizes-the-high-voltage-power-cable-projects-for-the-electrification-of-the-utsira-high-offshore-fields-in-norway
NKT and SSEN Transmission have reached a major milestone in the installation of the Shetland HVDC Link with the successful pull-in of the 320 kV HVDC power cable.
https://www.nkt.com/news-press-releases/successful-cable-pull-in-of-the-shetland-hvdc-link
NKT has been awarded three turnkey high-voltage power cable projects for the IJmuiden Ver and Nederwiek Offshore Wind Zones in the Netherlands. The projects have a combined order value of approx. EUR 2bn (approx. EUR 1.9bn in std. metal prices) making the award a new company record for NKT as the largest combination of orders ever received.
https://www.nkt.com/news-press-releases/nkt-awarded-record-orders-for-worlds-first-525-kv-xlpe-hvdc-submarine-cable-projects-for-offshore-wind
NKT will sign a joint venture agreement with Taiwanese cable company, Walsin Lihwa, to provide technical support for the construction of the first subsea power cable factory in Taiwan.
https://www.nkt.com/news-press-releases/nkt-will-sign-joint-venture-agreement-to-support-construction-of-the-first-offshore-cable-factory-in-taiwan
NKT has released its annual reports showing satisfactory results both financially and within sustainability.
https://www.nkt.com/news-press-releases/nkt-releases-its-annual-and-sustainability-report-2022
NKT has released its Sustainability Report for 2022 showing a 20% reduction in corporate CO2 emissions from 2021, increased workforce diversity and improved safety performance compared to last year.
https://www.nkt.com/news-press-releases/sustainability-report-2022-continuous-progress-towards-a-greener-world
Letter of commitment to the UN Global Compact: Accelerated action is needed to mitigate the effects of climate change. In the past year, we have seen extreme heat across Europe, wildfires in North America and massive rainfall across Asia.
https://www.nkt.com/news-press-releases/speed-is-key-to-connecting-a-greener-world
100 years of partnership
https://www.nkt.com/news-press-releases/deleuran-el-ectricty
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