NKT’s Borssele Beta Contract Share Valued at EUR 90 Million

NKT’s part of the contract for Borssele Beta, won in a consortium with VBMS, is valued at approximately EUR 90 million. As reported earlier, the contract value for VBMS is approximately EUR 70 million.

Illustration; Image: NKT Cables/ archive

NKT Cables is in charge of supplying 138km of 220kV AC high-voltage submarine cables delivered ready for installation by VBMS in late 2019.

In November 2016, VBMS and NKT won a contract to supply and install two Borssele Alpha export cables with an option for Borssele Beta, which has been awarded now.

NKT President and CEO Michael Hedegaard Lyng said: “I am pleased that our long-term co-operation with TenneT results in the award of the Borssele Beta project and that we are seen as a strong partner in solutions to realize renewable energy targets. Further investments in a new grid infrastructure in both Europe and also globally continue to provide an attractive outlook for NKT.”

The 700MW Borssele Beta connection system will connect the Borssele 3 & 4 wind farms to the onshore grid and will be operational in 2020.

Borssele Alpha, which will connect Borssele 1 & 2 to the grid, will go into service in 2019.