Nexans Bolsters European Offshore Wind Market with TenneT Project

Nexans, a global leader in cable systems and services, has further solidified its position in the European offshore wind market by securing a new project under its frame agreement with TenneT, the Transmission System Operator (TSO) for the Netherlands and a significant part of Germany. The project, valued at 1 billion euros, involves the Engineering, Procurement, Construction, and Installation (EPCI) of 250 km of 525 kV High-Voltage Direct Current, Cross-Linked Polyethylene (HVDC, XLPE) onshore and offshore export cable systems for the LanWin 2 offshore grid connection system. This project will transmit 2 GW of offshore wind energy from the German North Sea to the mainland, contributing to Germany's energy transition and enhancing Europe's energy security.



Nexans' ongoing partnership with TenneT, following the BalWin3 and LanWin4 projects announced in March 2024, demonstrates the company's commitment to developing the infrastructure essential to support Germany and Europe's renewable energy future. Pascal Radue, EVP of Nexans' PWR-Transmission Business Group, stated, "We are proud to secure this project under the TenneT framework agreement for the LanWin 2 project. This achievement highlights Nexans' dedication to delivering innovative cable solutions and reliable project execution to support Europe's energy transition."

The LanWin 2 project utilizes Nexans' new 525 kV HVDC XLPE cable technology, enabling a substantial increase in transmission capacity and supporting the energy transition. Additionally, Nexans will implement an innovative "four bundle" cable laying method for the first time in the Group's history, contributing to more efficient and cost-effective installation of subsea cables. The project is expected to be operational by 2030, further increasing energy security in Europe.

Nexans' commitment to reducing net GHG emissions aligns with the project's goals, as the LanWin 2 project will contribute to the acceleration of Germany's energy transition and the integration of renewable energy sources into the power grid. By facilitating the transmission of offshore wind energy, Nexans is supporting the reduction of greenhouse gas emissions and the achievement of carbon neutrality targets set at COP21.

In conclusion, Nexans' new project under the TenneT framework agreement strengthens the company's position in the European offshore wind market and supports the energy transition by utilizing innovative cable technology and efficient installation methods. The project aligns with Nexans' long-term strategy and commitment to reducing net GHG emissions, contributing to a more sustainable and decarbonized electricity system.