Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In March 2024, export credit agency Credendo issued a Green Package policy covering Jan De Nul’s cable‑laying works for the 525 kV HVDC grid connections BalWin4 and LanWin1 in the German North Sea. Under a contract with TenneT, a consortium including Jan De Nul will design, manufacture, transport, install, protect and test the offshore cables, with Jan De Nul responsible for offshore transport, installation, burial and protection, supported by its XL cable‑laying vessel Fleeming Jenkin. The Credendo policy provides up to 98% cover for these works, supporting the financing of the LanWin1 grid connection that will bring offshore wind power ashore in Germany.