on NEXANS (EPA:NEX)
Nexans invests 90 million euros to support offshore wind power in Europe
Nexans announces a €90 million investment in its plants in Charleroi and Erembodegem in Belgium, as well as its site in Calais in France. This financing aims to support the growth of offshore wind and subsea interconnections.
In Charleroi, a new 53-metre tower will be built for the insulation of land cables. The plant will also produce 525 kV land cables, in line with an agreement with TenneT for the BalWin 3, LanWin 4 and LanWin 2 projects. Nexans is also investing in a new cable line, a degassing system and a wire drawing line to improve its production.
The Calais site will benefit from a new laboratory dedicated to 525 kV cables. A new injection press will be installed in Erembodegem. These investments, starting in 2025 and ending in 2026, aim to reduce the CO2 emissions of the Charleroi site by 85% thanks to the Walloon navigable network.
R. P.
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