Nexans, a global leader in energy transition, is investing €90 million in its European facilities to support the expansion of offshore wind and subsea interconnections. The investment will primarily target the company's manufacturing plant in Charleroi, Belgium, with upgrades also planned for facilities in Erembodegem, Belgium, and Calais, France. This initiative will drive the production of high-voltage onshore cables and enhance Nexans' ability to support renewable energy projects across Europe.

The investment includes the construction of a 53-meter tower for cable insulation in Charleroi, which will produce 525kV HVDC onshore cables essential for the TenneT grid projects, including BalWin 3, LanWin 4, and LanWin 2. The upgrades will also feature new manufacturing equipment, such as a stranding line and an HVDC testing lab in Calais.

In addition to technical upgrades, Nexans will reduce transportation emissions at the Charleroi plant by 85% through its connection to the La Sambre channel. The initiative aligns with Nexans' long-term strategy to lead the energy transition by investing in renewable energy infrastructure.

Pascal Radue, EVP of Nexans' Generation and Transmission Business Group, highlighted the significance of the investment in supporting global electricity demand and ensuring Nexans remains a key player in the renewable energy sector.

Source: globenewswire.com