Nexans Continues with the Great Sea Interconnector Project
Nexans reaffirms its commitment to the Great Sea Interconnector project despite local rumors, according to a company statement.
Response to Rumors
Nexans has responded to rumors regarding the Great Sea Interconnector project, stating that it will continue the execution of the project in accordance with contractual obligations and the milestones defined with its client. The company notes that these milestones can be adjusted over time, which is common in projects of such magnitude.
Financial Security Through Initial Payments
Since the beginning of the Great Sea Interconnector project, Nexans has received substantial payments from its client. These payments have facilitated the manufacturing of the Great Sea Interconnector cable, thus eliminating potential financial risks should there be adjustments within the project framework.
Nexans: A Global Player in Sustainable Electrification
Nexans, a global leader in sustainable electrification, operates in 41 countries and deploys essential wiring solutions for the energy transition. In 2024, the group achieved a turnover of 7.1 billion euros. Nexans is committed to achieving carbon neutrality by 2050 and is listed on the Euronext Paris market, compartment A.
