Wednesday 27 May 2020

Prysmian wins $224m submarine power cable system deal

WASHINGTON, May 16, 2019

Prysmian Group, a leader in the energy and telecom cable systems industry, has been awarded a contract worth approximately €200 million ($224.07 million) by Vineyard Wind to provide a submarine power cable system which will deliver clean energy to the mainland power grid in the US.

Vineyard Wind is a US offshore wind development company 50 per cent owned by funds of Copenhagen Infrastructure Partners and 50 per cent by Avangrid Renewables (part of the Iberdrola Group).

With the notice to proceed expected at the end of 2019, Prysmian Group will be responsible for the design, manufacture, installation and commissioning of an HVAC (high voltage alternating current) cable system composed of two 220 kV three-core cables utilising extruded XLPE insulation, said a statement from the company.

The project requires a total of 134 km of power cables. The submarine cables will be produced in Prysmian Group’s centres of excellence for the production of submarine cables in Pikkala (Finland) and Arco Felice (Italy), it said.

Installation operations will be performed by Prysmian Group’s state-of-the-art cable laying vessels Cable Enterprise and Ulisse. Delivery and commissioning of the project are scheduled for 2021, it added.

Prysmian will also provide PRY-CAM permanent monitoring solutions consisting of long range Distributed Temperature Sensing (DTS) and state-of-the-art Real Time Thermal Rating (RTTR) systems collecting and analysing data by ways of an artificial intelligence interface, which generates automated alarm signals if a critical situation is identified.

PRY-CAM is the group’s breakthrough technology that allows on-line, accurate and reliable in-depth information to helps electric assets owners to increase uptime, asset longevity and safety, while reducing maintenance costs and risks.

Hakan Ozmen, executive vice president - projects, Prysmian Group, said: “This contract reinforces our leading position in the submarine cable market and underpins both our continued role and our commitment to the North American offshore wind sector.”

“We offer extensive technical expertise, levering on its wide knowledge and historical experience in this industry, where we ensure our close and local support to our customers throughout the complete project life cycle,” he added.

“The US offshore wind market is now demonstrating a high level of motivation with a promising growth forecast and we are excited to contribute to realising this opportunity in the US market,” he concluded.

With the integration of General Cable, Prysmian Group confirms its wider commitment and presence to the North American power and telecommunication cable market, it stated. – TradeArabia News Service


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