Nexans released today a Sustainable Financing Framework. This framework is a key instrument in Nexans’ refinancing strategy and is a concrete step in further embedding sustainability across the Group.

To achieve its decarbonization objectives, Nexans has initiated an ambitious approach to execute a Pan-European Virtual PPA* to cover most of its electricity consumption for all its premises in Europe. By executing a Pan-European VPPA, Nexans will be directly involved in financing and realization of new renewable energy assets in the region.

Nexans has been awarded the contract for PacWave South, the United States’ first grid-connected wave energy test facility developed jointly by the US Department of Energy, the State of Oregon, and Oregon State University.