Two Export Submarine Power Cable Links to Connect Fos Offshore Wind Farm and Narbonnaise (NAR) Offshore Wind Farm to Mainland Power Grid in France
A Strong Commitment from the Group: €137M Investment in Its Gron and Montereau-Fault-Yonne Sites Since 2020, with Full Deployment Expected by 2026
The Award Follows the Capacity Reservation Agreement Announced in September 2023 - Prysmian and Marinus Link Pty Ltd. have finalised an around €600 million contract for a new power interconnector between Victoria and Tasmania, Australia. The commencement of the works is subject to the issuance of a notice to proceed, which is expected by August 2025.
Operations will take place in Finland, Italy and France · The new funds will go towards manufacturing extra-high-voltage submarine power cables and high-voltage onshore cables, and other upgrades to existing cables · The project supports the objectives of REPowerEU, for which the EIB has earmarked additional financing of €45 billion by 2027.
Prysmian has marked its annual “Sustainability and Innovation Days” event by announcing the acceleration of some key sustainability initiatives, as well as updates to medium term targets in its Sustainability Plan.
Strong commitment to project execution in support of the decarbonisation
The contract will secure strategically important copper raw materials in the long term with the high*est environmental standards
The Group presents its new organisation aimed at effectively responding to industry trends
Prysmian, leader in the energy transition and digital transformation, announces results of new and rigorous long-term ageing testing on the Sirocco family of cables, proving expected lifetime of more than 50 years, allowing operators to calculate the life cycle analysis of their networks over an extended period.
Well on track to deliver on mid-term targets, in line with the “Connect, to lead” strategy
Effective immediately, the contract is now added to the Prysmian order backlog. The award follows earlier Prysmian selection as preferred bidder and commitment to assure the required capacity.
– Prysmian, leader in the energy transition and digital transformation, launches today, in collaboration with Interbrand — a leading brand consultancy for nearly 50 years — the group's new brand: a new crucial asset that aims to support and amplify Prysmian’s new business strategy.
The package deal is the largest ever in value for Prysmian; the contracts, effective immediately, are now added to Prysmian’s order backlog and cover cable capacities for DC34 and offshore grid connection systems BALWIN1, BALWIN2.
CUSTOMER FOCUS, TALENT DEVELOPMENT AND MANAGEMENT CONTINUITY AT THE CORE OF THE NEW STRUCTURE
The Group confirms its leadership as a supplier of advanced offshore technologies for a digital, remote and electrified global transformation.
Following the selection as preferred bidder and the commitment to assure the required capacity, Prysmian signs now a major contract worth around €850 million with Eastern Green Link 1 Limited
The Board of Directors of Prysmian S.p.A. has approved today the Group's consolidated results for the first nine months of 2023.
Clean Path New York is an $11 billion renewable energy project comprising 3,800 MW of wind and solar power from more than 20 new wind and solar generation resources and a new 175-mile, underground and submarine transmission link.
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