NKT tapped as preferred supplier for high-voltage offshore wind farm project

NKT Victoria (Photo: NKT)

NKT has entered into preferred supplier agreement (PSA) as main contractor for delivery and installation of high-voltage DC on- and offshore export cable systems to an undisclosed European offshore wind farm.

The wind farm is included in the high-voltage project pipeline listed in the NKT prospectus which was recently released as part of the initiation of a rights issue.

The potential order for NKT will comprise the manufacture and delivery of more than 500 kilometres total production length of 320kV DC offshore export power cables, accessories, as well as installation by the cable-laying vessel NKT Victoria.

For NKT, the order is expected to have an estimated contract value of above €250 million (US$298 million) in market prices, equivalent to approximately €200 million (US$238 million) in standard metal prices. A firm order is conditional upon final contract negotiations and that the project owners provide NKT a notice to proceed.

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