Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 5 May 2023, TenneT awarded multi‑year 525 kV HVDC cable system framework agreements worth about EUR 5.5 billion to NKT, Nexans, and a consortium of Jan De Nul, LS Cable, and Denys, covering multiple German and Dutch grid connection projects including LanWin2. Under this frame, Nexans was given an initial commitment, valued at around EUR 1.7 billion for three projects including LanWin2, to provide full EPCI services for subsea and land cables using its 525 kV DC technology, thereby designating Nexans as the framework cable provider for the LanWin2 offshore grid connection from the German North Sea to the Heide area in Schleswig‑Holstein.