Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
TenneT awarded Nexans a contract under its 2 GW programme to provide the full engineering, procurement, construction and installation (EPCI) scope for the high-voltage direct current export and land cable systems for the BalWin3 offshore grid connection, alongside LanWin4 and LanWin2. The agreement, with an initial value of around EUR 1.7 billion for the three projects, covers approximately 2,160 kilometres of 525 kV HVDC subsea and onshore cables that will transmit 2 GW from the German North Sea to the onshore grid at Wilhelmshaven for BalWin3. This contract formalises Nexans as the cable supplier and EPCI contractor for BalWin3’s transmission link within TenneT’s German offshore grid build-out, with the projects targeted to be operational between 2029 and 2031.