Italian Prysmian wins EUR 200m deal to connect wind farms in Germany
Aug 1, 2011 - Italian cable maker Prysmian SpA (BIT:PRY) has won a EUR-200-million (USD 288.5m) deal with Dutch-German grid operator TenneT to connect offshore wind farms in the North Sea with mainland Germany, the Italian company said on Monday.
Prysmian will supply and install the submarine and land cable links of the HelWin2 project, a larger contract of EUR 600 million that Prysmian has won in consortium with Siemens Energy.
The cable connection will link the Amrum Bank West offshore wind park with the HelWin cluster area some 55 km (34.2 miles) off the German coast.
The cables will be provided and made by Prysmian's plants in Europe between 2012 and 2014. The commissioning and start of the commercial operation of the high-voltage direct current (HVDC) link is scheduled for 2015.
The HelWin2 project is the fourth one of the kind Prysmian has won in the past 15 months, following BorWin2, HelWin1 and SylWin1.