Prysmian Group has announced that the company will invest more than 170 million euros (210.3 million US dollars) to build a new cable-laying ship, which is expected to be delivered in the second quarter of 2020.
According to the Prysmian Group, the ship will support the long-term growth of the expected submarine cable installation business, and strengthen the interoperability and offshore wind power project implementation capabilities. The new vessel will provide deepwater installation capacity with a water depth of more than 2,000 meters. The ship is equipped with a large cable rotation platform, which increases its cable load capacity. The vessel will also be able to perform a variety of complex installation operations, supporting a wide range of burial systems, including heavy-duty excavation, state-of-the-art positioning and offshore retention systems, reducing the impact on the environment.glenflange
In 2017, the Prysmian Group’s submarine business unit obtained a number of important contracts with an order value of approximately 1 billion euros. As of December 31, 2017, orders were worth 2.4 billion euros. The most recent interoperability projects include the IFA2 project between the UK and France. The NGCP interconnection project in the Philippines. In connection with offshore wind farms, Prysmian has acquired RTE's project to connect three offshore wind farms to the French grid.glenflange