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€250 million EIB loan to support Nexans' R&D and industrial investments

Cabling

€250 million from EIB to support Nexans’ R&D and industrial investments

French cable systems designer and manufacturer Nexans has secured €250 million in financing from the European Investment Bank (EIB) that will support its research, development and innovation programs for the period 2024-2029, along with some industrial and recycling investments. The financing is str

about 1 year ago

Cabling

DEME’s new offshore construction vessel to be built in China, delivery in 2028

DEME Group has ordered a new offshore construction vessel (OCV) that will be capable of performing trenching, burial, and cable-laying operations and is set to have a methanol-ready propulsion design for future fuel flexibility. The OCV will be constructed by PaxOcean at the Zhoushan shipyard in Chi

about 1 year ago

Cabling

Geophysical survey clears way for 10 MW wave energy project in Portugal

Swedish wave energy developer CorPower Ocean has completed a geophysical survey offshore Aguçadoura, northern Portugal, which supports the demonstration of its C5 wave energy technology and prepares the groundwork for the planned 10 MW project. The Portuguese Directorate-General for Natural Resource

about 1 year ago

Prysmian completes cable laying for Spanish interconnection

Cabling

Prysmian connects two Canary Islands with submarine cables

Italian cabling giant Prysmian Group has finished laying the submarine cable for the interconnection between Tenerife and La Gomera in Spain, with the entire infrastructure expected to be completed by the end of this year. The interconnection consists of a 66 kV double-circuit line, with a 36-kilome

about 1 year ago

Cabling

Keel laid for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has held the keel laying ceremony for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The vessel, marked NB 978, is being built at Vard Shipyards Romania – Tulcea and is the sister ship of NB 977

about 1 year ago

Auctioneer selected for cross-border transmission capacity of first UK-Germany energy link

Cabling

NeuConnect: Auctioneer selected for cross-border transmission capacity

As part of plans for preparations for the start of commercial and market operations, Joint Allocation Office (JAO) has been appointed as the provider for auctioning cross-border transmission capacity for the NeuConnect high-voltage submarine cable that will create the first direct energy transmissio

about 1 year ago

Cabling

New Prysmian cable layer closer to launch as hull comes together

Italian cabling giant Prysmian Group has completed the hull erection of its new cable laying vessel (CLV), bringing it closer to launch. The DP3 Alessandro Volta will be equipped with three carousels for a total load capacity of 19,000 tons, with the system of tensioners able to sustain a maximum te

about 1 year ago

Cabling

Nexans starts connecting Sicily and Sardinia with ‘deepest subsea cable’-to-be

Nexans has started laying high-voltage subsea cable between Italy’s Sicily and Sardinia as part of the western section of the Tyrrhenian Link. The connection between Sicily and Sardinia, approved in September 2023, will stretch for 480 kilometers between the Fiumetorto landing point, Palermo in Sici

about 1 year ago

Cabling

NKT named preferred bidder for UK’s subsea green electricity superhighway

Danish power cable manufacturer and installation firm NKT has been selected as the preferred bidder for the Eastern Green Link 3 (EGL3) offshore high-voltage direct current (HVDC) interconnector between Scotland and England, set to become one of the biggest electricity transmission projects in the U

about 1 year ago

Cabling

Hellenic Cables to link Corfu island to Greek mainland

Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) has awarded Hellenic Cables with a contract for the delivery of a cable system that will link the island of Corfu with the mainland. IPTO announced a couple of days ago that it was investing over €61 million to f

about 1 year ago

Cabling

ABL’s Longitude, NGI enter offshore wind design partnership

Design and engineering consultancy Longitude and the Norwegian Geotechnical Institute (NGI) have partnered to provide developers and operators of offshore wind farms with an integrated technical offering in offshore wind design. Under the terms of the agreement, Longitude and NGI will collaborate in

about 1 year ago

Cabling

Marine license application filed for one of UK’s largest power projects

SSEN Transmission has submitted a marine license application for the Scottish marine elements of the Eastern Green Link 3 (EGL3) project between Scotland and England, set to become one of the biggest electricity transmission projects in the UK. The application, submitted to the Marine Directorate –

about 1 year ago

Cabling

Van Oord wraps up inter-array cable installation at UK’s Sofia offshore wind farm

Van Oord has completed the installation of 109 inter-array cables, which marks the conclusion of its full scope of work on the 1.4 GW Sofia offshore wind farm in the UK. Approximately 360 kilometers of inter-array cables have been installed and tested, connecting the wind farms’ 100 14 MW turbines t

about 1 year ago

Visualization of Amprion's BalWin alpha platform designed by Tractebel Overdick

Cabling

RWE, Apollo Global Management forming joint venture to invest €3.2 billion in German TSO

RWE and the global asset manager and infrastructure investor, Apollo Global Management, have signed an agreement under which Apollo will pay €3.2 billion to RWE in exchange for an equity stake in a to-be-established joint venture (JV), which will hold RWE’s existing 25.1% stake in the German transmi

about 1 year ago