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March 11, 2022

Nexans secures cable installation contract for Revolution Wind Farm

The French firm plans to begin construction works next year and the project is expected to become operational by 2025.

French cable supplier Nexans has secured a contract from Ørsted and Eversource for installing and protecting the export cable link for the 704MW Revolution Wind Farm in Rhode Island, US.

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Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
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Located more than 24km (15 miles) south of the Rhode Island coast and approximately 51km (32 miles) south-east of the Connecticut coast, Revolution Wind Farm has the capacity to meet the electricity needs of up to 350,000 homes.

The offshore wind facility has the potential to displace nearly one million metric tonnes of carbon emissions annually.

Nexans plans to begin construction works in 2023 and the project is expected to become operational by 2025.

For Nexans, it will be the first project in the US under a frame agreement that was signed in December 2019 between Orsted Wind Power North America and Nexans.

To install these high-voltage subsea cables, Nexans will make use of its Aurora installation vessel, which is capable of installing cables in water depths exceeding 2,000m with its special design cable capstan.

Nexans Subsea and Land Systems executive vice-president Ragnhild Katteland said: “We are committed for the long-term in the US offshore wind industry and look forward to pursuing our partnership with Ørsted and Eversource on this historic project.

“We have made the strategic investments to scale our US operations and deliver high-voltage subsea cables that are manufactured and installed in America.

“We are proud of our strong business model and this contract reinforces our ability to provide turnkey solutions in the US and bolsters the supply chain with strong, local partners.”

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Free Report
img

Wind Power Market seeing increased risk and disruption

The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. This has largely been possible due to favourable government policies that have provided incentives to the sector. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. This is further set to rise to 15% by 2030. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market.
by GlobalData
Enter your details here to receive your free Report.

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