Prysmian and NKT to provide 525 kV cables for massive North Sea offshore project
Dutch-German Transmission System Operator (TSO) TenneT has selected Prysmian and NKT as suppliers for five 525 kV XLPE HVDC cable connections for Dutch 2 GW projects to be completed between 2028 and 2030. A press release from TenneT said that Prysmian has been awarded a contract for the cable connections of IJmuiden Ver Alpha and […]
Nexans chosen as supplier for the 1st U.S. grid-connected wave energy test facility
Nexans has been awarded the cable contract for PacWave South, the first U.S. grid-connected, wave energy test facility that is being jointly developed by the U.S. Department of Energy, the state of Oregon, and Oregon State University to further the research of innovative renewable technologies. A press release said that the project is a significant […]
NKT to enter JV with Walsin Lihwa for Taiwan’s 1st subsea power cable plant
NKT announced that it will sign a joint venture agreement with Taiwanese cable company, Walsin Lihwa, to provide technical support for the construction of the first subsea power cable factory in Taiwan. A press release said that the factory will produce high- and medium-voltage AC offshore power cables mainly for the Taiwanese offshore wind market. […]
Bekaert agrees to sell some of its interests in Chile and Peru as part of re-focus plan
Bekaert announced it has reached an agreement on the sale of its Steel Wire Solutions businesses in Chile and Peru to its current partners. A press release said that the transaction—which has a total enterprise value of approximately $350 million, and will result in net proceeds for Bekaert’s stake of $136 million—is expected to close […]
British Steel, struggling with rising costs and demands, may close ovens and cut jobs
Citing an “unprecedented rise” in running costs, inflation and the need to make its operations greener, British Steel reported proposals to close ovens and cut 260 jobs. At its website, the company announced proposals to close its coke ovens as part of its drive to overcome global economic challenges and build a green and sustainable […]