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Prysmian M&A Activity 2022
4170_rns_2022-09-15_dd0672f9-5b5b-496c-bb24-f197bee18bcd.pdf
M&A Activity
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| Informazione Regolamentata n. 0902-48-2022 |
Data/Ora Ricezione 15 Settembre 2022 10:23:27 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | PRYSMIAN | |
| Identificativo Informazione Regolamentata |
: | 167027 | |
| Nome utilizzatore | : PRYSMIANN03 - Bifulco |
||
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 15 Settembre 2022 10:23:27 | |
| Data/Ora Inizio Diffusione presunta |
: | 15 Settembre 2022 10:23:28 | |
| Oggetto | : | Prysmian S.p.A.: awarded more than €800m for two offshore wind farm grid connection cable systems in Germany |
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| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
PRYSMIAN AWARDED MORE THAN €800M FOR TWO OFFSHORE WIND FARM GRID CONNECTION CABLE SYSTEMS IN GERMANY
AROUND 1000 KMs OF SUBMARINE AND LAND CABLES FOR AMPRION'S DOLWIN4 & BORWIN4 PROJECTS
PRYSMIAN CONFIRMS ITS MAJOR ROLE IN SUPPORTING EUROPEAN ENERGY TRANSITION
Milan, September 15, 2022. Prysmian Group, worldwide leader in the energy and telecom cable systems industry, has been awarded two major contracts for a total value in excess of €800 million including options by Amprion Offshore GmbH – a subsidiary of German transmission system operator Amprion- for the design, supply, installation, and commissioning of land and submarine cables for two offshore wind farm grid connection systems in Germany's North Sea, namely DolWin4 & BorWin4. The DolWin4 & BorWin4 projects will transmit together a power of 1.8 GW.
Prysmian will supply approximately 1000 km of HVDC (High Voltage Direct Current) ±320 kV single core copper cables with XLPE insulation. The submarine cables will be produced in Pikkala, Finland and Arco Felice, Italy, and the land cables will be produced in Gron, France and Abbeville, USA. Prysmian will install the subsea cables with a variety of state-of-the-art vessels, ensuring lowest possible environmental impact. Delivery and commissioning for both projects is scheduled for 2028.
Each of the cable systems consists of 2 HVDC cables and can transmit 900 MW power. On the land side, the two systems run on a main part of the route in parallel trenches to the 300-km A-Nord underground cable corridor, a project awarded to Prysmian in 2020 by Amprion and which is currently in the execution phase. The subsea cables will run from the offshore platforms via the national park "Niedersächsisches Wattenmeer", crossing the island Norderney before being connected to the onshore cables close to Hilgenriedersiel.
"This is Prysmian's first 320kV HVDC submarine project with Amprion Offshore GmbH, and remarks how Prysmian is consolidating its prominent role as a reliable partner in supporting Germany's energy transition, being involved in major infrastructure projects supporting growth of green energy usage. We are honored to work with Amprion to develop its first offshore wind project." said Hakan Ozmen, EVP Projects BU, Prysmian Group.
Prysmian is already playing an important role in supporting European energy transition, having been involved in key offshore wind farms projects like BorWin2, BorWin3, DolWin3, HelWin1, HelWin2, and SylWin1, Dolwin 5 (expected to be commissioned in 2023) in Germany; Borssele III & IV, Hornsea 2, Hollandse Kust Zuid 3 and 4 and Provence Grand Large in Europe, and Empire Wind in the US.
Prysmian Group is world leader in the energy and telecom cable systems industry. With almost 140 years of experience, sales of over €12 billion, about 29,000 employees in over 50 countries and 108 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 Investor Relations
Lorenzo Caruso Cristina Bifulco
Ph. 0039 02 6449.1 Ph. 0039 02 6449.1
Vice President Communications & Public Affairs Chief Sustainability Officer and Group Investor Relations Director [email protected] [email protected]