Prysmian wins EUR-140m DolWin5 grid connection contract

Dutch-German grid operator TenneT has awarded Prysmian SpA (BIT:PRY) a roughly EUR-140-million (USD 157m) contract to connect multiple offshore wind farms to the German grid through the 900-MW DolWin5 project.

The Italian company will supply, install and commission a 320-kV High Voltage Direct Current (HVDC) submarine and land power cable connection along with the associated fibre optic cable system, covering a 30-km land route and a subsea route of 100 km. The turnkey connections will link the offshore converter platform DolWin epsilon to the mainland Emden/Ost converter station.

Prysmian said it will manufacture the submarine and land cables at its facilities in Finland and France, while two of its cable laying vessels will perform offshore installation activities. The project is expected to be completed in mid-2024.

As previously announced, Swiss group ABB Ltd (SWX:ABBN) will be the HVDC technology provider for the DolWin5 project. On the other hand, Norway’s Aibel AS and a unit of Singaporean conglomerate Keppel Corporation Ltd (SGX:BN4) will deliver one offshore HVDC converter platform in the North Sea along with an onshore converter station.

(EUR 1.0 = USD 1.120)

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