|

Nexans secures €1bn LanWin2 project with TenneT for offshore grid

By

Cable systems and services provider Nexans has signed a €1 billion ($10.3 billion) agreement with TenneT for the LanWin2 project, part of TenneT’s 2GW offshore grid connection programme in the German North Sea. The LanWin2 project includes the engineering, procurement, construction, and installation (EPCI) of 525 kV high-voltage direct current (HVDC) onshore and offshore export cable systems. Spanning 250 km, the system will transmit 2GW of renewable wind energy and is expected to be operational…

|

Vårgrønn acquires 27.4% stake in Germany’s Baltic 2 offshore wind farm

By

Norwegian renewable energy company Vårgrønn has secured a 27.4% stake in the 288 MW Baltic 2 offshore wind farm from PGGM Infrastructure Fund.  EnBW will retain its majority ownership at 50.1% and continue managing operations and maintenance, while Germany’s largest pension fund, Ärzteversorgung Westfalen-Lippe, will maintain a 22.5% indirect stake. Located 32 km off the coast of Rugen in the German Baltic Sea, Baltic 2 has been operational since September 2015, generating electricity through 80…