Positive
Project advancing - milestone achieved
Low Impact
Minor progress or informational
NKT Cables was awarded an approximately €80m order by DONG Energy to manufacture and deliver about 150km of 220kV high-voltage export cable systems for the Race Bank offshore wind project, which will form part of the Race Bank OFTO transmission assets. The deal, announced in mid-December 2014 and subject to DONG’s final investment decision, provides for cable manufacture at NKT’s Cologne facility with deliveries split into two phases scheduled for 2016 and 2017.