The EU has recognised the expansion of NKT’s high-voltage power cable factory in Sweden as the first European net-zero strategic project under the EU Net-Zero Industry Act.
This status provides the project with a national priority status for accelerated administrative treatment and faster permitting.
To meet the high demand for high-voltage power cables, NKT is investing substantially in expanding its high-voltage factory in Karlskrona, Sweden.
This will make the site the world’s largest factory for high-voltage offshore power cables.
This recognition underscores the strategic importance of subsea power cables in decarbonizing Europe and interconnecting its power grids to strengthen the security of supply.
“We are very proud to achieve this status as the first in Europe for our high-voltage factory in Karlskrona.
“This is a testimony of our investments and innovations to meet the high demand for power cables and a recognition of the strong ecosystem of offshore and power grid technology in Blekinge and Sweden.
“We look forward to the cooperation with the Swedish government in realizing the net-zero strategic project,” said Claes Westerlind, CEO of NKT.
The factory expansion and the new status are a recognition of the project being vital for enhancing energy security, grid resilience, and strategic autonomy, as well as the competitiveness of the EU net-zero industry.
The investment in Karlskrona will provide additional, essential manufacturing and installation capacity for the expansion and interconnection of the European power grid.
Projects identified under the EU Net-Zero Industry Act to be central for scaling the production of technologies essential for achieving climate neutrality and contribute to the EU’s goal of becoming climate neutral by 2050.