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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.
NKT Cables has taken delivery of the newbuilding cable-laying vessel which was part of the recently completed acquisition of ABB HV Cables.
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.
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.
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 has delivered the 220kV AC high-voltage cable system for the Rentel offshore wind farm in Belgium.
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 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.
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.