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

€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
DEME's new offshore construction vessel to be built in China, delivery in 2028
Grid

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

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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
Keel laid for second Island Offshore hybrid ocean energy construction vessel
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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
New Prysmian cable layer closer to launch as hull comes together
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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
Visualization of Amprion's BalWin alpha platform designed by Tractebel Overdick
Grid

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
A subsea cable stored on a carousel
Grid

NKT wins €650 million power cable contract for Bornholm Energy Island

NKT has signed a contract with the Danish transmission system operator (TSO) Energinet to deliver a high-voltage direct current (HVDC) power cable system for the offshore interconnector linking the Bornholm Energy Island to the power grid on Zealand in Denmark. NKT’s scope of work includes the deliv

about 1 year ago
NKT BorWin5
Grid

NKT installs power cables at TenneT’s BorWin5 offshore grid connection

Denmark’s NKT has finalized the installation of a 320 kV high-voltage DC (HVDC) power cable system at the 900 MW BorWin5 offshore grid connection in Germany. The pull-in work to the offshore platform was carried out by the company’s NKT Victoria vessel. NKT was responsible for the delivery and insta

about 1 year ago
UK National Grid awards €14 billion in last round of supply chain framework awards
Grid

UK National Grid awards €14 billion in last round of supply chain framework awards

The UK National Grid has completed the award of its high-voltage direct current (HVDC) civil works supply chain framework, with £12 billion (around €13.9 billion) worth of agreements confirmed, marking the third and final stage of its £59 billion supply chain framework awards. The HVDC supply chain

about 1 year ago
West Beta
Grid

Hollandse Kust West Beta cable tests completed

The Site Acceptance Tests (SAT) for the Hollandse Kust West Beta cables have been completed in the Dutch North Sea. The substation will connect the OranjeWind offshore wind farm, developed by RWE and TotalEnergies, to the onshore electricity grid. The testing of two 220 kV export cable systems for p

about 1 year ago
UK: Cable route construction starts on subsea green electricity superhighway
Grid

Cable route construction starts on UK’s subsea green electricity superhighway

Construction has started on the cable route for Eastern Green Link 2 (EGL2), a subsea link said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country. Developed by a joint venture of SSEN Transmission and National Grid El

about 1 year ago
€465k grant backs Oceaneering's floating wind cable qualification projects
Grid

€465k grant backs Oceaneering’s floating wind cable qualification projects

U.S. subsea engineering and applied technology firm Oceaneering International has secured a £400,000 (around €465,000) grant from Scotland’s economic development agency Scottish Enterprise for a project that aims to add manufacturing capacity for subsea power cables destined for Scottish offshore wi

about 1 year ago
Following upgrades, European JV-owned cable layer goes to 1.1 GW Irish offshore wind farm
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Following upgrades, European JV-owned cable layer goes to 1.1 GW Irish offshore wind farm

A cable-laying vessel (CLV) jointly owned by the UK’s Enshore Subsea and Belgian Herbosch-Kiere has undergone a targeted upgrade program following the completion of a project in Senegal. Under a $200 million contract, the companies’ Dakar Marine Link joint venture was in charge of delivering onshore

about 1 year ago
Danish project to develop drone for protecting critical underwater infrastructure
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Danish project to develop drone for protecting critical underwater infrastructure

A new Danish research and innovation project, led by Teledyne RESON, is looking to develop a drone that can capture and immobilize unwanted underwater vehicles, thereby protecting critical underwater infrastructure such as pipelines, communication cables, and offshore wind farms. The project named U

about 1 year ago
NG Explorer vessel at dock
Grid

NextGeo bags interconnector, offshore wind cable route survey contracts with Prysmian

Prysmian has awarded two contracts to Next Geosolutions (NextGeo), one of which is in the Dutch offshore wind market, where NextGeo will carry out export cable route surveys for the IJmuiden Ver Alpha and Nederwiek 1 offshore wind sites. The second contract NextGeo secured with Prysmian is for the B

about 1 year ago