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NKT’s Board of Directors has appointed ABB’s Alexander Kara as the new Chief Executive Officer (CEO) and President. The new executive will join the Danish company on 1 August, when he will take the place of Roland M. Andersen, who is interim CEO. At ABB, Kara is currently holding the position of Senior Vice President, HUB Business […]
Boskalis and NKT have secured export cable contracts by 50Hertz for the Ostwind 2 offshore grid connection in Germany.
The consortium of NKT and Boskalis Subsea Cables & Flexibles has signed a Pre-Construction Agreement (PCA) for the delivery and installation of an export cable system for the 784MW Inch Cape offshore wind project in the UK.
Moray Offshore Windfarm (East) Limited and NKT have signed a final binding agreement for the delivery and installation of export cable systems on the 950MW Moray East offshore wind farm.
NKT has delivered the 220kV AC high-voltage cable system for the Rentel offshore wind farm in Belgium.
NKT has commissioned the high-voltage cable system on the 659MW Walney Extension offshore wind farm in the Irish Sea.
Ørsted has awarded NKT with a contract worth over EUR 145 million, under which NKT will supply more than 190 kilometres of 220kV high-voltage AC XLPE offshore export cable system for the Hornsea Project Two offshore wind farm in the UK.
NKT has commissioned and delivered the 155kV high-voltage AC Nordergründe offshore wind transmission link to the German transmission system operator TenneT.
Turnkey solution approach is one of the ways the power cable industry can help the offshore wind industry achieve further cost reductions, Leo van der Pols, Business and Sales Development, NKT, said.
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 has signed a Preferred Bidder Agreement (PBA) with Moray East Offshore Windfarm Ltd for delivery and installation of export cable systems for the prospective 950MW Moray East wind farm off Scotland.
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.
UK engineers MAATS Tech delivered cable-laying equipment to NKT’s newbuild NKT Victoria prior to the vessel’s first project – the Caithness – Moray subsea link in Scotland.
The NKT Victoria cable-laying vessel has successfully laid the first HVDC cables in the Moray Firth as part of Scottish and Southern Electricity Networks’ GBP 1.1 billion Caithness-Moray transmission project.
NKT ‘s new cable laying vessel – NKT Victoria – has won the Ship of the Year 2017 prize at the NorShipping exhibition in Lillestrøm, Norway.
NKT GmbH & Co. KG World leader in offshore high voltage submarine cables NKT started producing power submarine cables more than 130 years ago. Today we can proudly call ourselves the world leader in offshore HV submarine cables. Our range of products has expanded extensively into a diverse portfolio of onshore and offshore services and energy transfer technology, developed to the optimum technical standards […]
NKT Cables’ recently launched cable laying vessel – NKT Victoria has started working on itsher maiden project – the installation of two subsea power cables connecting Caithness and Moray in Scotland.
NKT has held a naming ceremony for NKT Victoria, the company’s new cable-laying vessel which was part of the recently completed acquisition of ABB’s high voltage cable business, at its power cable plant in Karlskrona, Sweden.
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 European Commission has cleared unconditionally under the EU Merger Regulation the proposed acquisition of ABB’s high voltage cable business and power cable accessories business by nkt after concluding that the merged entity would continue to face effective competition in Europe.
Dutch transmission systems operator TenneT has awarded a consortium of VBMS and NKT Cables with a contract to supply and install two export cables that will connect the Borssele I & II offshore wind farms to TenneT’s onshore grid in the Netherlands. The contract value of VBMS’ share is approximately EUR 70 million. Separately, the option has […]
NKT has decided to split the Holding company into two separately listed companies, with the timing of this decision being linked to NKT Cables’ acquisition of ABB’s high-voltage cables business. NKT is the active and long-term owner of three industrial businesses including Nilfisk, NKT Cables, and NKT Photonics. With the acquisition of ABB’s high voltage […]
NKT Cables is acquiring ABB’s global high-voltage cable system business with a total enterprise value of EUR 836 million. ABB’s cable system business offers turnkey solutions including design, engineering, supply, installation, commissioning and service. It had adjusted standalone revenues of USD 524 million (EUR 470m) in 2015, employs around 900 people, and has manufacturing and R&D […]
nkt cables has supplied the 72 kV connector which enables transmission of power from one of the two V164 8MW prototype wind turbines from MHI Vestas Offshore Wind installed in Måde, near Esbjerg, on Denmark’s west coast. The two wind turbines, which are the largest on the market, were put into full operation in April […]