The cable will be used for the Tyrrhenian Link, a €3.7bn interconnection project key to the growth of Italian renewables and grid reliability. The link will connect Sicily and Sardinia with the Italian mainland.
NKT Acquires Portuguese Power Cable Company SolidAl for €192m
NKT has acquired SolidAl, a leading Portuguese manufacturer of power cables, for a total enterprise value of €192m (9.4x 2023 EV/EBITDA).