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Nexans - Nexans to support Germany's energy transition by electrifying BorWin 6 for TenneT

The German energy transition is one of the largest projects that Germany has undertaken. The country, striving towards energy independence, wants to move away from fossil fuels and towards renewable sources of energy, fundamentally changing the energy supply. Germany has invested heavily in renewables such as offshore wind energy, generated far out at sea, which is expected to be an essential building block for the energy supply of the future. Germany is seeking to increase offshore wind capacity, targeting 30GW, by 2030 and for their energy mix to consist of 80% renewable energy in the same time frame. The BorWin6 project will help Germany achieve these milestones. By 2027 the thirteen, then completed, DC grid connections in the North Sea will have a transmission capacity of over 10.5 GW, enough to supply around 13 million households in Germany with renewable energy. ....

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Nexans S.A. (OTCMKTS:NXPRF) Sees Significant Decrease in Short Interest

Nexans S.A. (OTCMKTS:NXPRF – Get Rating) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 59,700 shares, a decline of 32.5% from the March 31st total of 88,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently […] ....

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Manufacturers of electric harnesses for French Nexans cars in Ukraine return from 85% to 100% capacity

The manufacturer of electric harnesses for cars of the French company Nexans (Elektrokontakt Ukraine LLC, Lviv region), which during the first quarter of 2022 maintained its capacity at 85% at its three production sites, returned to 100% capacity, according to Nexans' financial report. ....

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Nexans (OTCMKTS:NXPRF) PT Raised to €81.00

Nexans (OTCMKTS:NXPRF – Get Rating) had its price target boosted by JPMorgan Chase & Co. from €80.00 ($87.91) to €81.00 ($89.01) in a research report report published on Thursday morning, The Fly reports. Separately, Credit Suisse Group cut their price objective on Nexans from €92.00 ($101.10) to €91.00 ($100.00) and set an outperform rating on […] ....

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Nexans wins contract to supply offshore wind farm Moray West project

Nexans cabling solution will connect the wind farm to the national grid ....

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