Prysmian confirms commitment to the offshore wind cable sector in North America

Prysmian Group, world leader in the energy and telecom cable systems industry, 
has been awarded a contract worth approximately Euros200 million by Vineyard 
Wind, LLC, a US offshore wind development company 50% owned by funds of 
Copenhagen Infrastructure Partners and 50% by Avangrid Renewables (part of the 
Iberdrola Group), to provide a submarine power cable system which will deliver 
clean energy to the mainland power grid in the US. 

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With the notice to proceed expected at the end of 2019, Prysmian Group will be 
responsible for the design, manufacture, installation and commissioning of an 
HVAC (High Voltage Alternating Current) cable system composed of two 220 kV 
three-core cables utilising extruded XLPE insulation. The project requires a 
total of 134 km of power cables. The submarine cables will be produced in 
Prysmian Group's centres of excellence for the production of submarine cables 
in Pikkala (Finland) and Arco Felice (Italy). Installation operations will be 
performed by Prysmian Group's state-of-the-art cable laying vessels Cable 
Enterprise and Ulisse. Delivery and commissioning of the project are scheduled 
for 2021. 

Prysmian will also provide PRY-CAM permanent monitoring solutions consisting of 
long range Distributed Temperature Sensing (DTS) and state-of-the-art Real Time 
Thermal Rating (RTTR) systems collecting and analysing data by ways of an 
artificial intelligence interface, which generates automated alarm signals if a 
critical situation is identified. PRY-CAM is the Group's breakthrough 
technology that allows on-line, accurate and reliable in-depth information to 
helps electric assets owners to increase uptime, asset longevity and safety, 
while reducing maintenance costs and risks. 

"This contract reinforces Prysmian Group's leading position in the submarine 
cable market and underpins both our continued role and our commitment to the 
North American offshore wind sector. Prysmian offers extensive technical 
expertise, levering on its wide knowledge and historical experience in this 
industry, where we ensure our close and local support to our customers 
throughout the complete project life cycle," stated Hakan Ozmen, EVP Projects, 
Prysmian Group. "The US offshore wind market is now demonstrating a high level 
of motivation with a promising growth forecast and we are excited to contribute 
to realising this opportunity in the US market," concluded Ozmen.

With the integration of General Cable, Prysmian Group confirms its wider 
commitment and presence to the North American power and telecommunication cable 
market.

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable systems 
industry. With almost 140 years of experience, sales exceeding Euros11 billion, 
about 29,000 employees in over 50 countries and 112 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.

Source: Prysmain S.p.A