Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 29 September 2023, German TSO 50Hertz signed firm project and framework contracts with NKT under which NKT was selected to supply the 525 kV HVDC onshore and submarine cable systems for the Ost-2-4 area (Ostwind 4) offshore grid connection off the island of Rügen. As part of a record multi-project award valued at about €3.5bn for five 50Hertz schemes, NKT will deliver approximately 345 km of core cables for Ostwind 4 to connect 2 GW of offshore wind in the Baltic Sea, and will also install the subsea sections using its own cable-laying vessels, with the projects expected to be commissioned between 2029 and 2035.