Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTMarch 5 (Renewables Now) - French grid operator RTE has contracted Italy’s Prysmian SpA (BIT:PRY) to supply the submarine and land export cable systems for the 496-MW Noirmoutier wind farm in French waters.
The offshore wind project is being developed by Les Eoliennes en Mer d'Ile d'Yeu et Noirmoutier -- a special purpose vehicle owned by Engie (EPA:ENGI), EDP Renovaveis (ELI:EDPR), a unit of French bank Caisse des depots (CDC) and Japan’s Sumitomo Corp (TYO:8053). The latter joined the Engie-led consortium at end-2018 by purchasing a 29.5% stake.
Under the over EUR-150-million (USD 166.9m) deal by Reseau de Transport d'Electricite (RTE), Prysmian will design, supply, install and commission two HVAC 225 kV three-core extruded export submarine cables, which will run from the project's offshore substation to a site at a landfill area at La Barre-de-Monts beach. Additionally, it will deliver joint two HVAC 225 kV extruded land cable circuits that will link the landfall site to a substation at Soullans.
Production will be carried out at Prysmian’s facilities in Finland, Italy and France, with delivery and commissioning scheduled for 2023.
The wind farm will be located off the Vendee islands of Yeu and Noirmoutier. RTE was selected to design, build, maintain and operate the two 225 kV links that will connect the plant to the power network.
(EUR 1.0 = USD 1.113)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST