Dutch-German Transmission System Operator (TSO) TenneT has ordered high-voltage submarine cables worth close to $2.1 billion from NKT to serve the IJmuiden Ver and Nederwiek Offshore Wind Zones in the Netherlands. The wind zones are situated in the Dutch half of the North Sea. TenneT is deploying grid connections for many offshore wind farms in the region.
NKT will undertake turnkey projects to design, manufacture, deploy and commission 525 kV XLPE high-voltage direct current (HVDC) offshore and onshore cable systems with a length of close to 1,700 km. These projects will cater to the Nederwiek 2, Gamma and Beta lots that possess 6 GW in installed capacity.
NKT will manufacture the cables at the factory in Karlskrona, Sweden, which is powered by renewable electricity. The company will utilize recycled metal in partial quantities for the conductors. The vessel NKT Victoria will undertake the cable laying process.
NKT will begin manufacturing the power cables between 2024 and 2027. Commissioning is anticipated between 2028 and 2030. NKT’s financial projection for 2023 will not change on account of the receipt of this order.