03/10/2017 | Press release | Distributed by Public on 03/10/2017 04:21
PRYSMIAN STRENGHTENS ITS POSITION IN OFFSHORE WIND
TWO NEW INTER-ARRAY PROJECTS AWARDED IN GERMANY AND DENMARK
FOCUS ON PRODUCT INNOVATION AND INSTALLATION CAPABILITIES
Milan, 10 March 2017. Prysmian Group, world leader in the energy and telecom cable systems industry, has been awarded two new contracts for offshore wind farms in Germany (Merkur OWF) and Denmark (Horns Rev 3 OWF). Both assignments are for the development of inter-array cable systems to link among them turbines composing the off-shore wind farms, a growing market segment where Prysmian has been focusing on product innovation and new installation assets and capabilities.
For the Merkur offshore wind farm Prysmian - awarded by Tideway B.V. - will be responsible for the design, engineering, manufacturing, testing and supply of approximately 90 km of 33 kV submarine inter-array cables and related accessories. Constructed by Merkur Offshore GmbH, the offshore wind farm -located in the German North Sea - will occupy an area of 47 square km and will generate a nominal active power output of approximately 400 MW.
The Horns Rev 3 project is located in the North Sea, approximately 25 km off the coast of Denmark and consists of 49 wind turbines with a total capacity of 406.7 MW, equivalent to the annual consumption of 425,000 Danish households. The contract awarded to Prysmian by VBMS B.V. - a subsidiary of Royal Boskalis Westminster N.V. - involves the design and supply of more than 100 km of 33 kV submarine inter-array cables in various cross sections.
'These two new important awards confirm the market recognition of the significant investments made in our production capabilities for the specific inter-array market segment as well as in our improved project management skills aimed at offering global project solutions to our customers', stated Alessandro Panico, Sales Team Manager - Offshore Wind, Prysmian Group.
In the product innovation field, Prysmian has recently introduced its new EPR insulated 66 kV inter-array cables - the first ready to go to market at this voltage level -that enable up to 15% cost reductions for offshore wind farms.
Prysmian Group is world leader in the energy and telecom cables and systems industry. With nearly 140 years of experience, sales of over €7.5 billion in 2016, 21,000 employees across 50 countries and 82 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.
Media Relations Lorenzo Caruso
Corporate and Business Communications Director
0039 02 6449.1
Investor Relations Cristina Bifulco
Investor Relations Director
0039 02 6449.1