Subsea Cable

NKT is finalizing the contract for offshore export power cables for the first major offshore wind farms in Poland awarded by Baltic Power Sp. z.o.o.

NEC Corporation (NEC; TSE: 6701) has signed a contract with FSM Telecommunications Cable Corporation (FSMTCC), based in the Federated States of Micronesia (FSM), BwebwerikiNet Limited (BNL) of the Republic of Kiribati, and Nauru Fibre Cable Corporation (NFCC) of the Republic of Nauru for construction, supply and installation of the optical fiber submarine cable system to be called East Micronesia Cable System (EMCS).

As informed in Company Announcement no. 13 of July 7, 2022, NKT signed a contract for the high-voltage DC (HVDC) export power cable system for the prospective offshore wind farm, East Anglia THREE.

Prysmian Group is launching a new investment of around €120 million in its strategic plant in Pikkala, Finland. The investment — in addition to the €100 million already provided in 2022 — is aimed at further increasing the production capacity of the 525 kV HVDC submarine cable systems, supporting the growing market demand driven by the need to develop and upgrade power transmission grids for the energy transition.

In November 2022, Jan De Nul Group signed a contract with Scottish and Southern Electricity Networks (SSEN) Distribution to supply and install in summer 2023 a 33kV interconnecting cable between mainland Scotland and the Orkney Island of Hoy, strengthening the local distribution grid.

NOVACAVI has recently supplied a special underwater Lan hybrid cable to be deployed on the farm experimental project called Nemo’s Garden.

Solstad Offshore ASA has announced that Prysmian Powerlink Srl (“Prysmian”) has entered into a new 7-year contract for the CSV Normand Pacific.

Jan De Nul Group, LS Cable & System, and Denys NV have been awarded a 525 kV HVDC cable system portfolio for the German electricity grid by TenneT. BalWin 4, LanWin 1, and LanWin 5 are cable systems consisting of both offshore and onshore sections, while the NordOstLink is an onshore cable system.

NKT has won an order for one of the 400 kV high-voltage power cable systems for the Biscay Gulf Interconnector strengthening the transmission security and electricity supply between the two countries. With the order NKT further extends its market presence to the southern parts of Europe.

The introduction of renewable energy and interconnected national and regional lines are being promoted worldwide to achieve a decarbonized society. In the European market, where such trends are active, demand for power cables is growing.

Subsea Data Systems, Inc., a partnership between Samara/Data and Ocean Specialists, Inc., is pleased to announce grant support from Schmidt Marine Technology Partners (SMTP), part of the Eric and Wendy Schmidt Network.

The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland. Export Finance Norway (Eksfin)’s global portfolio of loans and guarantees covering Norwegian exports to offshore wind projects has swelled to NOK 15bn since 2019.