NKT to Start Fabricating Race Bank’s Export Cables

Following DONG Energy’s final investment decision for the Race Bank offshore wind farm, NKT announced that it will now start with the production of more than 150 kilometers of 220 kV high voltage submarine export cables.

The cable will be manufactured in Cologne, Germany, with the first phase ready for installation in 2016. The second and last phase is to be delivered  in 2017. The Race Bank offshore wind farm will be situated in the North Sea, 27 km north of Blakeney Point off the coast of Norfolk.

NKT cables’ CEO, Michael Hedegaard Lyng, commented on the Race Bank order: “We appreciate that again DONG Energy has selected NKT cables to supply export cables for a major offshore wind farm. It emphasizes that our decision made some years ago to position the company in this segment was correct and we are recognized as a highly reliable cable manufacturer and partner in such projects.”

As previously announced, the order has a contract value of approx. DKK 595m (approx. EUR 80m) in standard metal prices or approx. DKK 640m (approx. EUR 86m) in market prices. The financial impact of the project is already included in NKT’s announced outlook for 2015.

Image: NKT Cables (Illustration)

Share this article

Follow Offshore Wind

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

ACI’s Operating Specialist Wind Vessels 2018

Already on its 5th edition, ACI’s Operating Specialist Wind Vessels 2018 will bring together senior executives and experts from ship owners

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event. It is unique in bringing together the oil & gas…

read more >

Offshore Wind Conference 2018

The 9th annual Offshore Wind Conference brings together the entire offshore wind value chain to discuss current…

read more >

Annual Asia Wind Energy Conference

Renewable energy such as wind energy is now increasingly being adopted by emerging economies …

read more >

Jobs>

Senior Contract Manager

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you...

apply

Senior Operations & Maintenance Engineer

The Senior O&M Engineer (Structural) sits within the Asset Integrity Management Department team of Offshore O&M, reporting to a Lead O&M Engineer...

apply

O&M Lead Contract Manager

Here at Scottish Power Renewables we’re committed to remaining a UK leader in renewable energy. As well as investing in our technologies, we are committed to investing in the future of extraordinary people like you...

apply

Vessels>