Prysmian Signs €600 Million Contract for Marinus Link in Australia

Milan, 2nd August 2024 

This agreement follows the prior announcement of a capacity reservation agreement, communicated in September 2023.  The project’s cables will span 345 km – 255 km undersea across Bass Strait and 90 km underground in Gippsland, Victoria, with the completion date set for 2030. With a capacity of 750 MW for the first stage, the Marinus Link will facilitate the flow of electricity and telecommunications between the two states, enabling an efficient transfer of power from the areas where renewable energy is generated to those where it is needed, and will help Australia meet its emissions reduction targets by saving up to 70 million tonnes of CO2 equivalent by 2050.

Prysmian will design, test, supply and install a HVDC (High Voltage Direct Current) cable system, consisting of 320 kV single-core cables with XLPE insulation and single-wire armouring, covering both submarine and land sections. Prysmian will also provide a fully integrated PRY-CAM permanent monitoring system.

Submarine cables will be produced at Prysmian’s centre of excellence in Arco Felice (Italy), while land cables will be produced in Delft (The Netherlands) or Gron (France). Installation operations will be delivered with Prysmian’s record-setting cable-laying vessel, the Leonardo da Vinci.

Hakan Ozmen, EVP Transmission at Prysmian said: "This project strengthens our global leadership, as well as our position in Oceania's fast-growing renewables market. We are proud to support Australia in its goal to combine the benefits of renewable energy to deliver low-cost, reliable, and clean energy to customers.”