Nexans invests 90 million euros to support growth of offshore wind in Europe

• Nexans invests 90 million euros in its facilities in Charleroi, Belgium, Erembodegem, Belgium and Calais, France to support the growth of offshore wind and subsea interconnections
• The investment will include the construction of a new, 53 meter tower for the insulation of onshore cables at Nexans’ plant in Charleroi, Belgium, and will allow for the production of 525kV onshore cables necessary to support the TenneT frame agreement
• Nexans is committed to a long-term strategy of electrification made possible only through the support of renewable sources of energy

Paris, September 12, 2024 – Nexans, a global leader in the energy transition, announces plans to invest 90 million euros to support the growth of offshore wind in Europe. The investment will include the construction of a new, 53 meter tower for the insulation of onshore cables at Nexans’ plant in Charleroi, Belgium and will allow for the production of 3,000 mm2 525kV HVDC onshore cables necessary to support TenneT’s three grid projects, BalWin 3, LanWin 4, and Lanwin 2 under the frame agreement signed last year.

Nexans is committed to a long-term strategy of electrification made possible only through the support of renewable sources of energy. This investment will enable Nexans to fulfill this vision and drive the next electrical revolution forward.

The investment will also include upgrades to the cable manufacturing process such as a new stranding line and a degassing system specifically designed for HVDC cables and a new aluminum drawing line to increase our volume of aluminum wire production.

While the majority of the investment will be directed at upgrading its manufacturing plant in Charleroi, Nexans’ other facilities will also get a boost including a new HVDC lab with a hall specifically built for 525kV HVDC testing at its Calais facility in France, and a new injection press at its power accessories facility in collaboration with teams in Erembodegem, Belgium. The investment will begin in 2025 and run through 2026 when the work is completed.

The Charleroi plant will also connect to the La Sambre channel which will allow Nexans to reduce transportation CO2 emissions by 85%. The city of Charleroi has already begun a project to establish a multimodal transportation platform in this area.