Nexans selected as Preferred Supplier for strategic Mallorca-Menorca power cable project with Red Eléctrica

• Preferred Supplier with Red Eléctrica for the Mallorca-Menorca 3 interconnection project
• The tender launched by Red Eléctrica for this project included a six-month collaborative engineering phase to set the grounds for an EPCI contract signature and start of Project delivery mid-2027
• Strategic infrastructure project to strengthen the security and resilience of the Balearic Islands electricity network

Paris, France, October 22, 2026 – Nexans, a global leader in electrification, has been selected as Preferred Supplier by Red Eléctrica, Redeia's subsidiary responsible for electricity transmission and the operation of Spain's power systems, for the Mallorca-Menorca 3 interconnection project. This is a strategic power infrastructure initiative designed to strengthen the security and resilience of electricity supply in the Balearic Islands.

In accordance with the specific terms of the tender launched by Red Eléctrica for this project, the execution of the agreement will initiate a six-month engineering phase for a new 132 kV HVAC cable link between Mallorca and Menorca and lay the foundation for a future EPCI Contract. The project represents the next stage in the development of the electrical connection between the two islands and will support the long-term reliability and stability of the regional power system. The Menorca Island after delivery of this critical link by Nexans will significantly reduce its dependency on fossil fuel electricity generation.

Under the agreement, Nexans will conduct engineering activities for a comprehensive cable system incorporating both subsea and land cable infrastructure. The scope builds on Nexans' longstanding experience delivering complex interconnection projects and its established presence in the region.

The project will leverage Nexans' expertise across engineering, manufacturing and installation. Particular attention will be given to environmental stewardship throughout project planning and execution, reflecting the ecological sensitivity of the project area.

The new interconnection builds on Nexans' previous contribution to the existing electrical link between Mallorca and Menorca and further strengthens the long-standing collaboration between the two companies.