Nexans: investment plan in offshore wind power

(CercleFinance.com) - On Thursday Nexans announced that it plans to invest E90m in its European offshore wind power activities throughto the end of 2026.


In a press release, the cable manufacturer states that the bulk of the budget will be devoted to its Charleroi site in Belgium, which will benefit from the construction of a new 53-meter tower dedicated to cable insulation.

The project also includes the production of 525 kV high-voltage direct current (HVDC) terrestrial cables with a cross-section of 3,000 mm2 to supply three large-scale wind farm projects currently being carried out by the Dutch company TenneT.

Nexans - which says it is now focusing its strategy on electrification - explains that the investment plan is aimed at ramping up manufacturing processes, with an increase in its aluminum cable production capacity.

The Group's other sites should also benefit from the program, as a new HVDC laboratory will be set up in Calais, including a room entirely dedicated to testing 525 kV HVDC cables.

The site will also be equipped with a new injection press in the electrical accessories plant

Naxans specifies that the investment program will start in 2025 and run until the end of the works, scheduled for the end of 2026.


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