Nexans Publishes 2016 First-Half Results

During the first half of 2016, Nexans notched up a number of commercial successes in its key business areas.

For example, in the energy infrastructure sector, it won a contract worth around €245m connect the Beatrice Offshore Wind Farm to the Scottish grid. Nexans’ high-voltage subsea and land cables will help meet the growing energy demands in the region as once it is fully operational the wind farm could provide the electrical needs of more than 450,000 British households.

Also during the period, as part of a €75m turnkey project carried out for Norwegian power company BKK Nett AS, Nexans achieved two world records when it supplied and installed the world’s longest and deepest 420 kV XLPE (cross-linked polyethylene) insulated submarine cable system in Western Norway.

In the natural resources sector, Nexans has been selected to supply power cables for the Umm Al Houl Water and Power Project in Qatar, an integrated power and desalination plant that will materially increase the country’s power generation

Nexans is expanding the international coverage of its umbilical cables with a new project in Australia for OneSubsea. Nexans umbilical cables and connector interfaces will also be used in the development of the Greater Enfield project, an offshore oil field operation with an expected production capacity of 69 million barrels of oil equivalent.

The group was also successful in the telecommunications sector during the first half of 2016, securing a contract to supply submarine fibre-optic cables as part of Brazil’s Amazônia Conectada programme, which aims to bring internet to four million inhabitants in the Amazon rainforest.

A pioneer in renewable energies, Nexans is driving the transition to higher voltage wind farms with its new 72.5kV range of power cables and accessories. The group has also launched a new WINDLINK® solution for wind turbines that proposes low-voltage aluminium cables that are lighter and more cost-effective than traditional copper cables.

All of these commercial successes and technological innovations are illustrations of the group’s overriding objective of meeting the world’s growing energy and data needs.

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