NKT to support construction of first offshore cable factory in Taiwan

Wind Industry Profile of

NKT will sign a joint venture agreement with Taiwanese cable company, Walsin Lihwa, to provide technical support for the construction of the first subsea power cable factory in Taiwan.

The factory will produce high- and medium-voltage AC offshore power cables mainly for the Taiwanese offshore wind market. This is expected to grow rapidly in the next decade to drive the green transition of the country. Aside from establishing a joint venture, the agreement also includes a Service Agreement for the construction of the factory and a Technology License Agreement licensing NKT technology to the joint venture. NKT will own a share of the joint venture and will act as the technical partner. Aside from establishing a joint venture, the agreement also includes a Service... ... More: Official Press Release NKT

Keywords:

NKT, cables, Taiwan, offshore, construction, facility, cable factory, joint venture, Walsin Lihwa, technical support, subsea, power cable