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NKT Cables has taken delivery of the newbuilding cable-laying vessel which was part of the recently completed acquisition of ABB HV Cables.
ABB completed the divestment of its high-voltage cables and cable accessories businesses to NKT Cables, on Wednesday, 1 March.
The high-voltage activities acquired from ABB have driven an increase in NKT’s Q3 2017 revenue, which was at EUR 303.2 million, EUR 106.9 million more than in Q3 2016. Looking at the first nine months, NKT posted a revenue of EUR 776.5 million, compared with EUR 559.7 million reported for the same period in 2016.
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.
TenneT has awarded the consortium between VBMS and NKT Cables with a contract for the installation of two 67km export cables that will connect the Borssele Beta substation, i.e. the Borssele 3 & 4 offshore wind farms, to the Dutch onshore grid.
An export cable for the 600MW Kriegers Flak offshore wind farm made a successful landfall at Rødvig, Denmark, Energinet reports.