NKT to sign cable contract for offshore wind in Poland

An order for delivery of high-voltage power cables for Baltic Power Offshore Wind Park could amount to more than EUR 120m if the deal comes through as expected in late June, NKT informs.

NKT expects to land a large order regarding high-voltage cables for offshore wind turbines in Poland. The picture shows cables in the waters near Karlskrona, Sweden. | Photo: Nkt

by MARKETWIRE, translated by kristoffer grønbæk

Cable producer NKT is close to finalizing a contract regarding a high-voltage export power cable system for a Polish offshore wind project.

The deal is expected to be worth more than EUR 120m – or EUR 110m in standard metal prices – when getting the final stamp, NKT writes in a press release on Tuesday.

”The order is subject to formal contract signature that is expected at end of June 2023 alongside a subsequent final notice to proceed,” the company informs.

The order covers design, production, and delivery of 130 kilometers of 230 kV AC high-voltage cables for Polish OSW project Baltic Power Offshore Wind Park with capacity of up to 1.2GW.

Cable production will take place at NKT’s factory in Cologne, Germany. The offshore wind farm is set for operation in 2026.

The contract does not alter NKT’s financial guidance for 2023.

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