Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
NKT was awarded the supply contract for the high-voltage DC export cable system for the Hornsea 3 offshore wind farm on 31 March 2023. The contract, with an estimated value of approximately EUR 500 million (EUR 400 million at standard metal prices), covers design, manufacturing, jointing and termination of two 320 kV DC circuits with approximately 170 km offshore route length and 50 km onshore route length, plus four circuits of 1.5 km 400 kV AC onshore cable connecting the onshore substation to the National Grid. The cables will be manufactured at NKT's high-voltage factory in Karlskrona, Sweden. NKT previously delivered the cable system for Hornsea 2.