Prysmian lands ‘largest ever’ $5.4bn deal for German offshore wind grid
The contracts will help Germany realise its plan of installing 70GW of offshore wind energy by 2045
Prysmian has landed a bundle of contracts totalling €5bn ($5.4bn), the “largest ever” deal for the Italian cable-making giant, to help bring offshore wind power to the heart of Germany.
Prysmian has finalised the three contracts with German transmission system operator Amprion.
They will support the transmission of the energy generated in the North Sea to the west and south of Germany, said Prysmian in an announcement today (Thursday).
The projects are part of Germany’s overall plan to install 70GW of offshore wind energy by 2045.
Two of the contracts are for offshore grid connection systems – BalWin1 and BalWin2 – and the third is for underground cable project DC34.
In total, they include around 4,400km of 525kV HVDC cables and DMR (Dedicated Metallic Return) cables, of which around 3,400km are land cables and 1,000km are submarine cables.
Prysmian said the “package deal” is the largest in value and in kilometres of cable ever awarded to it.
Hendrik Neumann, chief technology officer of Amprion, said: “We have secured the necessary cable resources for three important energy transition projects.
“Contracts like the ones with Prysmian are essential in order to achieve our offshore expansion targets. For us, this is a major step towards project success.”
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