Nexans signs Empire Wind contract to bring renewable energy to New York

Nexans, a global organization and key driver for the world’s transition to a more connected and sustainable future, announced the execution of a significant contract for phase one of the Empire Wind Project being developed by a 50-50 partnership between Equinor and bp. This signature follows the Preferred Supplier Agreement signed in March 2021 which prompted several months of collaborative work to negotiate a turnkey contract, covering the design and manufacturing, as well as the laying and protection of export cables for the project. 

The Empire Wind lease area for the first phase of the overall 2.1 gigawatt project is located about 20 miles (33km) south of Long Island and east of the Rockaways. Nexans will install the export cables over 93 miles (150km) from the offshore substation for Empire Wind 1 to landfall at South Brooklyn Marine Terminal. 

JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.

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