Nexans signed subcontract to deliver a 420 km MI 110 kV cable system for strategic Greek interconnection
Project-related production activities and a seabed survey have already begun.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Nexans (NEXNY) signed a subcontract with Hellenic Cables to deliver a 420 km cable system for Greece's Corinth-Kos interconnection.
Nexans' scope covers a 110 kV mass-impregnated cable system, under a subcontract involving Hellenic Cables in consortium with Asso.subsea. The wider 1 GW, 320 kV high-voltage direct-current project connects the Dodecanese islands to mainland Greece and comprises approximately 1,260 km of subsea cable and 30 km of land cable.
Project-related production activities and a seabed survey have begun. Nexans expects the project to provide workload for its mass-impregnated cable production lines from the end of 2026 through mid-2028.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointSigned subcontract with Hellenic Cables covers delivery of a 420 km, 110 kV cable system.
- Minor pointProduction activities and a seabed survey have begun for the project.
- Minor point. Forward-looking: it has not happened yet and may not happen.Production-line workload is expected from the end of 2026 through mid-2028.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Nexans signed subcontract to deliver a 420 km MI 110 kV cable system for strategic Greek interconnection
_PRESS RELEASE_
- Nexans signed a subcontract to deliver 420 km MI (Mass-Impregnated) 110 kV cable system for the 1 GW, 320 kV Corinth-Kos HVDC interconnection
- Part of a landmark project comprising approximately 1,260 km of subsea cable and 30 km of land cable connecting the Dodecanese islands to mainland Greece
- Project to strengthen Greece's electricity infrastructure while providing workload for Nexans' MI production lines to mid-2028
Paris, November 6, 2026 – Nexans, a global leader in electrification, has signed a subcontract with Hellenic Cables, in consortium with Asso.subsea to deliver the 110 kV cable system for the Corinth-Kos HVDC interconnection in Greece. The project will strengthen the connection between the Dodecanese islands and the Greek mainland, supporting a more resilient and integrated electricity system while contributing to Greece's long-term energy transition.
Awarded by the Independent Power Transmission Operator (IPTO) to Hellenic Cables, the 1 GW, 320 kV interconnection comprises approximately 1,260 km of subsea cable and 30 km of land cable, making it one of the most ambitious power transmission projects in the Mediterranean region.
As part of the project, Nexans will deliver the 110 kV cable system, a critical component of the HVDC link that enables the safe and reliable operation of the interconnection. Project-related activities on Nexans' MI cable production lines, as well as a seabed survey, have been initiated and will contribute to utilizing these production lines starting end of 2026 throughout 2027 and to mid-2028.
“This project reflects the growing need for high-voltage transmission infrastructure to connect regions, strengthen power networks and support electrification,” said Pascal Radue, EVP PWR-Transmission at Nexans. “We are proud to contribute our expertise to this landmark interconnection project that will play an important role in Greece's electricity infrastructure. The contract also supports significant activity across our manufacturing operations and further reinforces Nexans' leadership in the high-voltage transmission market.”
The project further reinforces Nexans' position as a trusted partner for complex subsea cable systems and strategic energy infrastructure projects. As countries accelerate investments in grid modernization, high-voltage interconnections are becoming increasingly critical to connecting islands, remote regions, offshore renewable generation, and growing demand centers.
Nexans looks forward to working closely with Hellenic Cables and Asso.subsea to help deliver this strategic interconnection and support the development of resilient, future-ready power infrastructure in Greece and the Eastern Mediterranean.
About Nexans
Nexans is the global pure player in sustainable electrification, building the essential systems that power the world’s transition to a connected, resilient, and low-carbon future. From offshore and onshore renewable energies to smart cities and homes, Nexans designs and delivers advanced cable solutions, accessories and services that electrify progress safely, efficiently, and sustainably.
With over 140 years of history, through three core businesses: PWR Transmission, PWR Grid, and PWR Connect, Nexans blends deep industry expertise with cutting-edge innovation to accelerate the energy transition, and better meet its customers' needs. Its unique E3 model, focused on Environment, Economy and Engagement, drives every action, aligning performance with purpose.
Nexans operates in 39 countries with 12,830 people and generated
Nexans is listed on Euronext Paris, Compartment A.
www.nexans.com | #ElectrifyTheFuture
Contacts:
| Communication Mael Evin (Havas Paris) Tel.: +33 (0)6 44 12 14 91 nexans_h@havas.com Maellys Leostic maellys.leostic@nexans.com Olivier Daban olivier.daban@nexans.com | Investor relations Audrey Bourgeois Tel.: +33 (0)1 78 15 00 43 audrey.bourgeois@nexans.com |
Attachment
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What will Nexans deliver for the Corinth-Kos interconnection?
Nexans will deliver a 420 km, 110 kV mass-impregnated cable system under a subcontract with Hellenic Cables, in consortium with Asso.subsea. Its scope forms part of the 1 GW, 320 kV interconnection connecting the Dodecanese islands to mainland Greece.
How long will the Corinth-Kos project support Nexans' production workload?
Nexans expects project-related work to utilize its mass-impregnated cable production lines from the end of 2026 through mid-2028. Production-related activities and a seabed survey have already begun.