- Press Releases
June 21 (Renewables Now) - Italy’s Prysmian SpA (BIT:PRY) has won a preferred supplier status with regard to a 2,100-MW renewable power transmission project in the US that will connect the Midwest Independent System Operator (MISO) market to the eastern PJM Interconnection.
The USD-900-million (EUR 756m) contract was awarded, subject to finalisation, by Minneapolis-based Direct Connect Development Co LLC, the firm behind the SOO Green HVDC Link project backed by Copenhagen Infrastructure Partners, Siemens Energy (ETR:ENR) and Jingoli Power. The latter will be responsible for the construction part of the project.
Prysmian's job will be to supply high-voltage direct current (HVDC) cable systems for underground installation. The 350-mile (563.3 km) link will require a total of 700 miles of cross-linked polyethylene class cables. They will be deployed primarily along existing railroad rights-of-way connecting a converter station in northern Iowa to one near Chicago, Illinois.
Prysmian will start producing cables for the project in 2023 at its facility in Abbeville, South Carolina, which is to be upgraded.
(USD 1.0 = EUR 0.840)