First electrical transmission link from Orkney Islands

• The Orkney Transmission Link will exchange up to 220MW of energy between the Orkney Islands and the UK mainland
• There will be one high voltage alternating current (HVAC) cable circuit extending approx 69km in route (53km subsea, 15km land) from Finstown in Orkney to Dounreay in Caithness
• The significant contract includes both the production and the installation of the cable

Nexans, a global leader in the design and manufacturing of cabling systems and services, has signed the contract for the Orkney Link by SSEN Transmission following the capacity reservation agreement signed in November 2023. The significant contract includes both the production and the installation of the cable. The 220kV high voltage alternating current (HVAC) cable will be largest capacity cable connecting the Orkney Islands to mainland Scotland and will span 53 km offshore and 16 km onshore route in total in Finstown, Orkney and Dounreay in Caithness, UK.

The Orkney Link will exchange up to 220 MW of renewable energy between the islands and the mainland and is a critical step in strengthening the UK power network, supplying demand centres in the North of Scotland and beyond with clean energy from one of the world’s greatest resources of renewable electricity. Subsea interconnectors, which connect two areas of land together with an underwater electrical cable, allow for the expansion of electrification and the growth of renewable energy. In the case of the Orkney Islands, there is an abundance of renewable resources from established and planned onshore wind farms to emergent technologies that harness electrical energy from the oceans and will all support delivery of the UK and Scotland’s Net Zero targets.

The interconnector will be manufactured at Nexans’ plants in Halden Norway for the offshore sections, Charleroi, Belgium for the onshore cable sections, and Cortaillod in Switzerland for the accessories. Nexans will also install the cable using its state-of-the-art cable laying vessels. The project will be delivered in 2027 by Nexans experts at multiple locations, including in the UK and adds to Nexans’ expanding portfolio of interconnectors including the Celtic Interconnector and the Crete-Attica Interconnector.

• 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.

Nexans 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.

• The 4th edition of the Group’s annual Climate Day will focus on the theme: “Sustainable Electrification for the Energy Transition: A Major Opportunity for Africa.”
• This event will bring together key stakeholders from the energy sector, including institutions and economic players, with significant participation from African countries.
• A unique opportunity to engage in high-level discussions and to showcase concrete solutions for climate challenges in the region.

Nexans, a leader in the design and manufacture of cable systems and services, is organizing the 4th edition of its “Climate Day” in Morocco, in partnership with the Ministry of Industry and Trade, the Ministry of Energy Transition and Sustainable Development of Morocco, and the Cluster ENR. Initially scheduled for September 2023, the event was postponed due to the tragic earthquake in Morocco and will now take place in Rabat on September 26, 2024. This annual gathering continues the tradition of previous editions held in New York, Paris, and Stockholm.

The event will also be an opportunity to reward the winners of the Nexans Climate Challenge, a competition designed to encourage climate innovation by recognizing the most promising projects in this field.

• Nexans invests 15 million euros in its historical plant in Bourg-en-Bresse to increase its production of low-carbon medium-voltage cables, in order to support growth in electrification requirements in France and in Western Europe.
• The project involves installing two new latest-generation production lines and modernizing the entire manufacturing flow, and will roll out from H1 2025 to H1 2026.
• The Group is thus stepping up its capacity to manufacture EDRMAX® direct-buried cables, which are simpler to lay and reduce the system’s carbon footprint.

Nexans announces plans to invest 15 million euros in its production plant in Bourg-en-Bresse, Auvergne-Rhône-Alpes (east-central France). The investment will increase the plant’s medium-voltage cable production capacity with a view to supporting distribution grid operators and installers, and to supplying renewable energy projects, including solar and wind farms, in France and in Western Europe.

At a time when demand for electricity is booming and the challenges around it are becoming increasingly crucial, Nexans confirms its role as a prominent partner for the stakeholders in Europe’s electricity distribution systems.

The investment, which will be made from 2024 to 2026 will notably involve installing a new stranding machine that can produce new, larger aluminum cable sections, including 400 mm² ones. Nexans will also invest in a new XLPE triple extruder with the best technology in its class. All these machines will be up and running in H1 2026.

Meanwhile, the Group will modernize part of its industrial capacity, in particular the sheathing and assembly lines, to enhance employee safety and plant productivity. With these upgrades, Nexans also plans to strengthen its production of EDRMAX® reinforced direct-buried cables1, which have been proven to simplify laying processes, reduce costs and minimize carbon footprints.

The workshops will also be equipped with cutting-edge digital tools to improve controls’ quality and enhance employees’ experience. Modernizing its processes will turn the Bourg-en-Bresse plant into a 4.0 digital factory geared for sustainable, local production and make it particularly attractive to young talents.

• Nexans and SNCF Réseau are once again joining forces in superconductivity to increase the safety and reliability of the rail network.
• Developed by Nexans and installed by SNCF Réseau, the superconducting fault current limiter (SFCL) is a world first on the rail market. It limits disruptions to the power supply of the rail network using a standalone system to reduce short-circuit currents.
• Designed to supply power for trains in the Belfort area (Burgundy-Franche-Comté region in France), this innovative limiter improves the availability of electrical installations.

Nexans, a leader in the design and manufacture of cable systems and services, is forming a unique partnership with SNCF Réseau, infrastructure manager of the French rail network, to deploy a superconducting fault current limiter. This technological innovation will secure and optimize electric rail traction on the line between Belfort and Delle, including the cross-border link with Switzerland.

A revolutionary solution for a more efficient rail network

Railway power grids are under growing pressure, with the continuing expansion of rail traffic and the upgrades to equipment. Power surges and short-circuits can cause major disruptions. To address this challenge, Nexans and SNCF Réseau have joined forces to deploy an innovative superconducting current limiter (SFCL).

Developed by Nexans, and integrated with the Bussurel substation, a strategic location identified by SNCF Réseau, the SFCL is able to reduce short-circuit currents in standalone mode, regenerating in less than five minutes, without human intervention.

This revolutionary technology offers several advantages:

• Improved network reliability and safety. The SFCL acts as a shock absorber in the event of a problem, limiting current peaks and disruptions to the network when short circuits occur.
• Optimized infrastructures. In the long term, the SFCL could pave the way for smaller electric traction installations, thereby cutting rail infrastructure costs, while supplying power for more trains.
• Better service. The SFCL avoids the need for rail works that are inconvenient for users, providing an efficient, cost-effective solution with no impact on the traffic schedule.

A partnership to support the energy transition in rail transport

Faced with the need to modernize power grids and meet growing demands for energy, Nexans is positioning itself as a leader in the development of revolutionary superconductor technologies. These innovations will completely transform the electrification of transport and power distribution, paving the way for a more sustainable, high-performance energy future.

Nexans’ vision is based on a network of interconnected superconductor systems, able to meet tomorrow’s energy challenges. This ambition is reflected in iconic projects such as the superconducting fault current limiter deployed on the Belfort-Delle line, a milestone in the collaboration between the two players, as well as the SuperRail project, to power the Montparnasse-Vouillé substation with superconducting cables. These partnerships illustrate the commitment made by the two players to innovation and sustainable development.

Deployment of the superconducting fault current limiter is scheduled for late 2025. This project is a major step forward in rail electrification, paving the way for further innovations to make transport safer, more reliable and more sustainable.

• Nexans is investing €4.5 million in its Draveil site to double production capacity of medical cables in response to growing demand.
• The NEWSENSE® micro-cables will be produced by machines entirely designed and manufactured by Nexans.
• Building on the expertise and know-how of the Draveil workforce, the Group is developing its cable offering dedicated to minimally invasive surgical technologies, pushing the limits of miniaturization.

A leading designer and manufacturer of cable systems and services, Nexans has announced a €4.5 million investment in its Draveil site outside Paris to double its production capacity for medical cables.

With this investment, Nexans will be able to meet growing demand for medical micro-cables used in invasive surgery, a fast-growing market expected to achieve annual growth of 5% a year over the next five years. These cables are used in particular for transcatheter technology and cardiovascular electrophysiology, as well as for monitoring sensors and endoscopy cable solutions.

Through this investment, Nexans will be able to develop its NEWSENSE range of medical cables in a new workshop expanding the existing facilities at the Draveil site. The Group is reaffirming its commitment to manufacturing in France, particularly for products requiring a high level of expertise, as it is the case in the medical field.

These cables meet the most stringent quality standards and will be manufactured on machines specially designed and built by the engineering teams at Nexans Draveil, as they seek to continuously push back the limits of miniaturization. As these machines do not yet exist on the market, they wil further sharpen the competitive edge of Nexans, allowing it to consolidate its position as an industrial leader in cutting-edge technologies.

Delivering the speed and efficiency necessary to stay competitive in this niche market, these machines also meet the highest standards of reliability and quality, with the use of optical control technology to inspect the cables on the production line.

With this investment, Nexans will be able to develop its offering for medical OEMs, a field in which the company has over 30 years’ experience. With a dedicated plant and laboratory, Nexans is setting the standard in the supply of micro-cables for devices used in medical exploration as well as in diagnosis and treatment, greatly improving comfort for both healthcare professionals and patients alike.

• Nexans has taken a significant leap forward in its electrification strategy by completing the acquisition of the iconic Italian company La Triveneta Cavi, with recognized excellence in the European medium- and low-voltage cable segments.
• La Triveneta Cavi boasts 700 skilled employees across 4 production units and generates over 800 million euros in sales.
• Nexans, with its proven track record of integrating new players, is poised to accelerate La Triveneta Cavi’s growth in key sectors such as building wire, fire-resistant cables, and renewable energy solutions.

Nexans, a leader in the global energy transition, today announces the completion of its acquisition of La Triveneta Cavi, one of the European leader in medium- and low-voltage cables. The acquisition is a significant leap forward in Nexans’ strategy to become an electrification pure player. La Triveneta Cavi brings a rich heritage of innovation, cutting edge manufacturing and logistics and a seasoned management team to further accelerate Nexans’ value creation in electrification.

Based in Italy since 1965, La Triveneta Cavi primarily manufactures low-voltage cables for building, infrastructure, fire-retardant cable systems and renewable energy applications across 30 countries. The company operates a best-in-class, vertically integrated network with three cable production units featuring highly efficient logistic capabilities, in addition to a world class “in-house” copper drawing facility. The company boasts a workforce of approximately 700 skilled employees and has generated current revenues of more than 800 million euros over the last twelve months.

The enterprise value of around 520 million euros represents a multiple of 5.6x 2023 EBITDA pre-synergies and 4.6x post run rate synergies. It will be high-single-digit accretive to earnings per share (EPS) from year one. Nexans’ financing of the acquisition will have limited impact on run rate leverage to remain ≤1.0x.

• Nexans has officially opened the newly expanded section of its high voltage subsea cable plant in Halden, Norway to support the increased demand globally for electrification and the energy transition.
• Nexans’ investment created more than 100 jobs and will be able to deliver 525kV HVDC and 420kV HVAC subsea cables.
• The plant incorporates the most advanced cable production technology to date and features a second extrusion tower which will allow the plant to insulate four cables simultaneously in addition to the two existing lines – the tallest building in Norway and the country’s first skyscraper.
• The Halden plant also celebrates its 50th anniversary, marking a key milestone in Nexans’ 109 year history in Norway.

Nexans, a leader in the world’s transition to a more connected and sustainable future has officially opened its newly expanded section of its high voltage subsea cable plant in Halden, Norway to support the increased demand globally for electrification and the energy transition. The expansion project will support key projects including Nexans’ frame agreement with TenneT signed last year.

The construction for the expansion of the plant began in November 2021 and incorporates some of the most advanced cable production technology which will be able to deliver subsea cables up to 525kV for High Voltage Direct Current (HVDC) and 420kV for High Voltage Alternating Current (HVAC). The 34,000 square meter expansion more than doubles the capacity of the plant for HVDC extruded cables. It also features a 152.89 meter tall second extrusion tower which will allow the plant to insulate four cables simultaneously in addition to the two existing lines and qualifies as Norway’s tallest building and first skyscraper. The tower will be focused on the production of HVDC cables for offshore wind farms, but can serve both HVDC and HVAC applications. 100 more people have been hired and trained to support the increase in production from the facility and local indirect jobs will also be created to support the supply chain in Europe and globally. This brings the total employment of the plant up to around 1,000 employees on site.

The Halden plant also celebrates its 50th anniversary. Having been originally built in 1974 to support the Skagerrak 1 and 2 interconnector projects in cooperation with Statnett, the facility has been involved in projects across the globe. The first extrusion tower was built in 1992 to incorporate the first high voltage XLPE insulated cables into Nexans’ portfolio. The plant also features a state-of-the-art testing facility for high voltage components as well as its own slip to load cables directly onto cable laying vessels such as Nexans’ CLV Aurora, C/S Skagerrak, and Nexans’ newest vessel under construction, the CLV Electra.

Nexans announces today the success of a bond issuance in an aggregate principal amount of €575 million with a 5-year maturity and an annual interest rate of 4.125%.

Nexans has taken a significant leap forward with this bond issuance, which will be used to finance the acquisition subject to regulatory approvals from the relevant authorities announced in February 2024 of La Triveneta Cavi, an iconic player in the European medium- and low-voltage cable segments, and/or for general corporate purposes of the Group.

Nexans seized the opportunity offered by an active and favourable market environment and the transaction has been welcomed by institutional fixed income investors in France and abroad, confirming the market’s confidence in the Group’s credit quality.

The bonds are rated BB+ by Standard & Poor’s and are admitted to trading on the regulated market of Euronext in Paris as from its issue date.

• Nexans and energy company Equinor strengthen their long-term collaboration with a four-year contingency and preparedness contract.
• Nexans’ unique and extensive repair expertise covers all types of existing cables
• The contract includes assistance from a team of Nexans experts and the provision of a vessel to meet the intervention requirements.

Nexans has signed a contingency and prepardness contract with international energy company Equinor.

As an international energy group committed to creating long-term value for a low-carbon future. Equinor has a long-standing relationship with Nexans which has resulted in a number of pioneering projects.

Nexans is extending this collaboration through a 4-year agreement that includes turnkey repair services for various cable systems. Equinor will manage and operate the contract on behalf of the Pipeline Repair and Subsea Intervention (PRSI) Pool members. The agreement covers approximately 3,000 km of cable.

To ensure Equinor’s assets’ normal functioning, Nexans will provide its unique expertise of performing complex turnkey repairs on all types of cables (XLPE, mass impregnated or oil-filled cables).

In the case of a cable system failure, Nexans will offer its expertise of installing and maintaining submarine cable systems by mobilizing highly-skilled teams to assess the fault and perform any necessary repairs. Nexans is committed to finding the most suitable solution and intervene as quickly as possible, ensuring continuity of power transmission. The areas of operation are located in Northern Europe but can be broadened according to the clients’ needs.