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RE: LeoThread 2025-04-06 04:45

in LeoFinance6 months ago

Europe’s first net-zero project to get world’s largest high-voltage sea cable network
NKT is executing a substantial capital investment program to scale its high-voltage production capabilities in Karlskrona.

In a significant milestone in Europe’s energy transition, the European Union (EU) has recognized the expansion of NKT’s high-voltage power cable factory in Karlskrona, Sweden, as the first Net-Zero Strategic Project under the recently created EU Net-Zero Industry Act.

The designation confers national priority status, enabling accelerated administrative procedures and expedited project implementation permitting.

NKT is executing a substantial capital investment program to scale its high-voltage production capabilities in Karlskrona.