NKT is expanding its high-voltage production sites to execute on a record high order backlog and to prepare for growing market demand for power cable systems driven by the transition to renewable energy.
May 10, 2021
In 2020, NKT was awarded large high-voltage power cable projects for EUR 2.3 billion supporting the transition to renewable energy including a substantial part of the German Corridor Projects designed to transmit green power from across the country. For NKT, the large order backlog and the accelerated transition to renewable energy provides opportunities for future growth and the company is investing more than EUR 150 million in its high-voltage power cable manufacturing and logistics.
For NKT, the investment program includes a new high-voltage power cable test centre in Cologne, Germany, and the construction of a new extrusion tower for the production site in Karlskrona, Sweden as well as ongoing investments for new machinery and a specially designed barge for transporting offshore power cables on the river Rhine.
NKT operates two high-voltage production sites in Cologne and Karlskrona which are both strategically well-positioned to support the increased offshore wind activity in Europa. They are also both powered with 100% green electricity ensuring a low carbon footprint of the power cable systems as well as for the project logistics.