French electrification specialist Nexans unveiled plans to build what it describes as the most technologically advanced cable lay vessel in the world as it targets the growing US and European markets.

The Paris-listed company said the newbuilding, the third vessel in the company’s fleet, will expand its presence in both offshore wind and interconnection markets.

Nexans did not disclose the yard where the ship will be constructed or the price tag for the ship, which will have 13,500 tonnes of loading capacity and will be delivered in 2026.