Subsea Cable

The Prysmian Group's leadership team, composed of Valerio Battista and the 20 managers directly reporting to him at world level, has informed the Company that it has accepted the Chief Executive Officer’s proposal to invest 50% of its net incentive — granted for the positive performance achieved at the level of 2019 results, in line with the objectives set by the Company — in shares of Prysmian S.p.A.

Prysmian Group, a world leader in the energy and telecom cables systems industry, has completed the brand integration process following the acquisition of General Cable, launching a new multi-brand strategy and restyling of its visual identity and logos.

Subsea 7 S.A. has been awarded a sizeable(1) contract by innogy Kaskasi GmbH for the Kaskasi offshore wind farm project, located approximately 35km north west of Heligoland in the German sector of the North Sea.

Rotech Subsea posted a strong end to 2019, a stellar year for the excavation and trenching specialist, by completing a major deburial scope in the North Sea.

Trelleborg’s applied technologies operation has been awarded a contract by leading renewable energy provider, Ørsted, to provide four integrated cable protection systems for Hornsea Two, the world’s largest offshore windfarm.

International energy consultancy Xodus Group has recorded a major increase in the provision of services related to subsea power cables over the last twelve months.

TenneT is building the Hollandse Kust (South) offshore grid to the north of the Maasvlakte, to connect new wind farms. Four cables will have to be routed into the North Sea seabed for this.

The work scope encompasses Project Management, Engineering, transportation and Installation as well as various other support functions to the client’s engineering team.

Global Offshore, a leading provider of cable installation, repair and trenching services to the offshore renewables, utilities and oil & gas markets and part of the Global Marine Group, has announced the contract award for cable installation and burial at the Kincardine Floating Offshore Wind Farm for Spanish developer and construction company Grupo Cobra.

SubCableWorld (SCW), the definitive data and information source for the submarine cable industry, today released a new whitepaper that suggests demand for submarine wind power cables in the US could surpass 13,500 kilometers by 2030, representing a CAGR of nearly 11% from 2019 to 2030. The total value of the US offshore wind cable market over the 12-year period will amount to at least $8 billion.

Prysmian Group has been awarded a contract worth over €150 million by Réseau de Transport d'Électricité (RTE) for the development of two submarine and land export power cable systems to connect the offshore wind farm located in between the islands of Yeu and Noirmoutier to the French mainland power grid.

Sandvik has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield.