NKT will soon sign the order for a 230 kV AC high-voltage export power cable system for the Polish project Baltic Power Offshore Wind Park with a capacity of up to 1.2 GW.
NKT is finalizing the contract for offshore export power cables for the first major offshore wind farms in Poland awarded by Baltic Power Sp. z.o.o. For NKT, the order is expected to have a value of more than EUR 120m (more than EUR 110m in std. metal prices) and will comprise the design and production of approx. 130 km of 230 kV high-voltage power cables for the Baltic Power Offshore Wind Park.
The export power cables will be produced at the NKT factory in Cologne, with expected commissioning of the full project in 2026. The order award will not change the 2023 financial outlook for NKT.
The order is subject to formal contract signature expected end of June 2023 and a subsequent final notice to proceed.
The Baltic Power’s offshore wind farm will consist of 76 turbines with a unit capacity of 15 MW and a height of more than 200 meters operating in an area of approx. 130 sqm. The farm will be located approx. 23 kilometers away from the coast, at the height of Choczewo and Łeba, where the farm’s service port will be built. Once completed, the farm will be able to deliver clean energy to more than 1.5 million households.