The power cables have an expected production start end-2021 with project commissioning in 2025. BorWin5 is TenneT's fourth offshore wind DC project off the coast of Borkum in north-western Germany. It connects the offshore converter platform BorWin epsilon in the North Sea to the future converter station in Garrel/Ost close to Cloppenburg in Lower Saxony. As part of Germany's transformation towards renewable energy supply, a 15 GW offshore wind power capacity is to be available by 2030, and with its 900 MW, BorWin5 is an important step to achieve this target. NKT adds to the green transformation with power cables produced in a plant running on 100% green electricity and with the purpose-built NKT Victoria being the industry's most advanced and energy-efficient cable-laying vessel. The award of the BorWin5 project does not change the 2020 financial outlook for NKT.