Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
NKT confirmed the high-voltage turnkey order for the Dogger Bank C offshore wind farm HVDC export cable system on 30 June 2021, converting the Preferred Supplier Agreement announced in November 2020 into a firm contract award. The order, subject to Dogger Bank C reaching financial close in late 2021, has a contract value of approximately EUR 280 million (EUR 230 million at standard metal prices). The scope covers manufacture and delivery of more than 2x250 km of 320 kV DC offshore export power cables, accessories, and installation by the cable-laying vessel NKT Victoria. The cables are manufactured at NKT's plant in Karlskrona, Sweden, which operates on 100 percent renewable electricity. NKT also delivered the export cable systems for Dogger Bank phases A and B, awarded in 2019.