Prysmian Targets Half of Sales from Low-Carbon Products by 2022
Prysmian, the world's largest cable maker, pledged on Friday to raise the share of revenues from low carbon products to 50% by 2022 as part of plans to cut its carbon footprint.The Italian company, which supplies cables for industries ranging from high voltage power transmission to offshore wind-farms, telecoms and cars, said in a statement it aimed to cut carbon emissions by 2-3% by 2022.It said it also aims to reduce energy consumption by 3% in the time period."The energy transition is our core business and main driver of growth," Chief Executive Valerio Battista said in the statement.
Sandvik Wins Mero Steel Tube Umbilical Order
tube order contract is significant for the Brazilian offshore oil and gas industry, which typically uses thermoplastic hose umbilicals. The supplied solution will consist of more than 500 kilometers of Sandvik’s super duplex Sandvik SAF 2507 stainless steel umbilical tubes encapsulated by Prysmian Group.Sandvik SAF 2507 is an austenitic-ferritic stainless steel that performs well in highly corrosive conditions. It offers excellent resistance to stress corrosion cracking, pitting and crevice corrosion, erosion corrosion and corrosion fatigue, the manufacturer said. It features high mechanical
Prysmian, Nexans to Build Greek Subsea Power Link
Greek electricity grid operator ADMIE picked Prysmian and Nexans to build two undersea cables, part of a 915 million euro ($1.01 billion) project to link the island of Crete to the mainland, it said on Friday.Ariadne Interconnection, the ADMIE unit handling the project, also picked Hellenic Cables and NKT to build the onshore cables to connect the converter stations in Athens and Crete to the undersea cables, the grid operator said.Initially part of a bigger scheme to connect the power grids of Cyprus, Israel and Greece, the plans have faced delays because of disagreements about ownership.Athens has
Prysmian Secures Major Contract
Prysmian Group achieved an important milestone in its PowerLink Cable Solutions strategy, which aims to provide comprehensive management solutions for submarine and land cable systems.The group has just been awarded a three-year service level agreement by the Dutch-German grid operator TenneT for reactive maintenance operations for its HVAC and HVDC submarine and land assets. The Group will provide experienced and qualified jointers, advanced equipment and tools for the Prysmian HVDC and HVAC cables operated by TenneT, within a guaranteed time and at pre-agreed rates. Some of the projects included in
Offshore Wind Cable Market to Reach $3B
Asia-Pacific markets, especially in countries like China, Japan and South Korea, seeking alternative energy sources to diversify their energy mix to reduce CO2 emissions. Strict public rules on energy efficiency are the other main drivers.The key players operating in the market include ZTT, Nexans, Prysmian, Furukawa, ABB, NKT, Sumitomo, LS Cable & Systems, Ningbo, and TF Kable among others. Major competitors focus on launching fresh products, purchases, advances in current products and technology and other policies to grow and reinforce their company portfolios
Prysmian to Supply Cables for French Floating Wind Farm
Cable systems manufacturer Prysmian Group said on Tuesday it has been awarded a contract worth approximately €30 million to develop of a turnkey submarine cable system for EDF Renewables' Provence Grand Large (PGL) floating offshore wind farm project in South France.The system will includes 3 km of submarine dynamic inter-array cables and 19 km of export cables for a total of 22 km, in addition to the land cables for a route of 9 km, Prysmian said. The 25 MW floating wind farm will include three Siemens Gamesa 8.4 MW wind turbines installed on float systems in the so-called Faraman zone
New Submarine Cable System for Canada
Prysmian Group won a contract worth $19 million by New Brunswick Power Corporation (NB Power), the largest electric utility in the Atlantic Canada based in the province of New Brunswick. The Fundy Isles Project involves the development of a new submarine cable link which will allow the upgrade of the capacity of the existing submarine transmission system in the Passamaquoddy Region of the Bay of Fundy.The new power cable link will connect Deer Island, Campobello Island and Grand Manan Island to the mainland power grid in the Canadian province.Prysmian Group will be responsible for the design
Prysmian Orders New Cable Laying Vessel
Vard Holdings Limited reported having been selected by Prysmian Group for the design and construction of one cable laying vessel. The contract value, including owner supplied special equipment, amounts to approximately €170 million (approximately $205 million).The cable layer is designed by Vard Design in Ålesund, Norway. Vard and Prysmian are currently completing the vessel’s design and according to contract activation scheme the commencement of construction phase is foreseen by end 2018. The vessel is scheduled for delivery from Vard Brattvaag in Norway, in 4Q 2020. The hull will be
Prysmian to Order Cable Layer Newbuild
Prysmian Group announced it will invest more than €170 million ($210.3 million) in a new cable laying vessel to be delivered by the second quarter of 2020. The group said the vessel will support long-term growth prospects in the submarine cable installation business, strengthening its interconnection and offshore wind project execution capabilities. According to the Prysmian Group, the vessel will offer deep water installation capabilities for depths of more than 2,000 m; increased cable loading capacity thanks to large cable rotating platforms; capability to perform
