Sean McLoughlin's questions to NXPRF leadership • Q1 2025
Question
Inquired about the status of the remaining U.S. offshore wind project backlog and the financial mechanics of supplying European projects from the U.S. plant, specifically regarding cost and margin neutrality.
Answer
The Empire Wind cable is produced and Sunrise is nearly complete. If canceled, termination fees would ensure no material financial impact. Supplying European projects from the Charleston plant is margin-neutral as cost differences in labor and transport are not significant and are covered by project contingencies.