CPSE:NKTElectrical
Does €2 Billion SSEN HVDC Deal Reshape the Bull Case for NKT (CPSE:NKT)?
NKT announced that it has signed final contracts under its framework agreement with SSEN Transmission to deliver 525 kV HVDC on- and offshore power cable systems for the Western Isles and Spittal to Peterhead links in Scotland, adding about €2.00 billion to its high-voltage order backlog.
Beyond expanding NKT’s backlog, the projects highlight the company’s role in enabling large-scale grid reinforcement for Great Britain’s electricity transmission network.
Next, we’ll examine how securing...