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Prysmian has finalized contracts for three orders with an aggregate value of approximately 5 billion euros with Amprion, one of the main European transmission system operators, for two offshore grid connection systems and the DC34 terrestrial cable project.
This is the “largest package of contracts both in terms of value and in terms of kilometers of cables ever awarded to Prysmian”, explains the company. It includes in aggregate approximately 4,400 kilometers of high voltage direct current cables, of which approximately 3,400 kilometers are terrestrial cables and 1,000 kilometers are submarine cables.
Dedicated metal return cables are also included. The three contracts with Amprion represent a «milestone for Prysmian, as they once again underline the trusting cooperation between the two companies. We are pleased to actively contribute as a reliable partner to the energy transition”, says Hakan Ozmen of Prysmian.
«The cable resources necessary for three important energy transition projects have been secured. Contracts such as those signed with Prysmian are essential to achieving our offshore expansion objectives. For us they represent a significant step towards the success of the projects”, highlights Hendrik Neumann of Amprion. These three projects are part of Germany’s overall plan to install 70 GW of offshore wind power by 2045 and will allow the energy generated in the North Sea to be transmitted to consumers in the western and southern regions of the country.
And the news of the three contracts has sparked enthusiasm on the stock exchange, with Prysmian’s stock rising by over 4% on the Piazza Affari.