Framework agreement with firm commitments incl. Nederwiek 3; Nederwiek 3 route length: 288 km; 525 kV XLPE HVDC on- and offshore power cable systems.
NKT was awarded a multi-year framework agreement by TenneT under its 2GW Program, with firm commitments including the Nederwiek 3 offshore grid connection. NKT’s scope covered the provision of 525 kV XLPE HVDC on- and offshore power cable systems, including design/engineering, production and delivery, and installation/jointing works for both submarine and onshore sections. The framework call-offs were expected in 2025 and commissioning of Nederwiek 3 was expected around 2031; the published route length for Nederwiek 3 was 288 km (route distance). The announced combined value for the Nederwiek 3 and Doordewind 1 & 2 commitments under the framework was approximately EUR 1.5 billion (market price), with installation scope/value to be included later.