Offshore wind is taking off in Poland and NKT now extends its presence in the country with a local execution hub preparing for the market opportunities driven by the green transformation in Poland.
The transition to renewable energy is taking off in Poland and NKT is now expanding its local presence with an execution centre to prepare for a growing demand for both on- and offshore power cables. The centre will be located in Gdynia, Poland, close to the Baltic Sea where several offshore wind farms are expected to be located. For NKT, the investment in the new Polish facility is a natural step in its long-term engagement in the country.
- The growing focus on renewable energy in Poland is not only great for the environment. It also provides growth opportunities for us in the emerging offshore wind industry and with the general need to reinforce the power grid. We already have a strong footprint in Poland, and it is natural for us to take steps to strengthen our position in the country with the new execution hub, says Alexander Kara, CEO in NKT.
The company is preparing to support Poland in the country’s transition to renewable energy driven by a national ambition to install up to 11 GW of offshore wind capacity in the Baltic Sea by 2040. NKT is strategically well-positioned for the market opportunities in Poland with its high-voltage facility in Karlskrona, Sweden, and Cologne, Germany.
NKT expects to hire the first power cable jointers by the end of 2021 and will hire additional people to the execution centre as the potential market opportunities emerge with the first offshore wind projects materializing in the coming years.
With two existing manufacturing sites in Poland specializing in building wires, low-voltage power cables and PVC compounds, NKT is also well-positioned to meet the growing demand for power cables driven by the expected reinforcement of the Polish power grid.