Prysmian Secures Over 150 Million Euros Offshore Wind Grid Connection Project in France by RTE

PR83172

MILAN, Mar. 5, 2020 /PRNewswire=KYODO JBN/--

- The Group deploys all needed capabilities and resources to enable the energy transition

- Submarine cable technologies are key to support the growth of renewable energy

Prysmian Group, world leader in the energy and telecom cable systems industry,

has been awarded a contract worth over Euros 150 million by Reseau de Transport

d'Electricite (C) (RTE) for the development of two submarine and land export

power cable systems to connect the offshore wind farm located in between the

islands of Yeu and Noirmoutier to the French mainland power grid.

The offshore wind farm is being developed by the company Les Eoliennes en Mer

d'Ile d'Yeu et Noirmoutier which was awarded around 500 MW capacity production

by the French government. RTE, the French transmission system operator

appointed by the French government, will design, build, maintain and operate

the two 225 kV links (submarine and land) to connect the offshore wind farm to

the grid. The offshore wind grid connection project will be able to export 500 MW

of green and renewable energy, covering a submarine cable route of around

27 km and an underground cable route of around 30 km.

Prysmian will provide its comprehensive turn-key approach for the design,

supply, installation, and commissioning of two HVAC 225 kV three-core extruded

export submarine cables with single-wire armouring which will reach the

landfall area at La Barre-de-Monts beach. Prysmian will be also responsible for

the supply and jointing of two HVAC 225 kV extruded land cables circuits that

will link the landfall area to the substation at Soullans. Submarine cables

will be produced at Prysmian's centres of excellence in Pikkala (Finland) and

Arco Felice (Italy), while land cables will be manufactured in Gron (France).

Installation operations will be performed by the Cable Enterprise, one of the

three Group's state-of-the-art cable laying vessels. Delivery and commissioning

are scheduled for 2023, conditional upon the receiving of the notice to proceed

expected by March 2020 as regard the preliminary studies, and by June 2020 for

the overall project.

"We are proud to be contributing to the development of infrastructures of such

great strategic importance," stated Hakan Ozmen, EVP, Projects Business Unit,

Prysmian Group. "This contract not only consolidates our relationship with RTE,

but also confirms Prysmian's worldwide leadership in addressing the increasing

need for upgraded power grids to support the energy transition," concluded Ozmen.

Prysmian is already playing an important role in providing RTE or other

customers with efficient and sustainable power transmission solutions, having

recently been involved in key projects in France like Fecamp, Courseulles-sur-Mer

and St. Nazaire offshore wind farms and the Provence Grand Large floating offshore

wind farm (awarded by EDF Renewables), in addition to the IFA2 interconnection

linking the UK and France, the Piedmont-Savoy interconnection between Italy and

France, and the INELFE interconnection linking Spain (Santa Llogaia) and France (Baixas).

Prysmian Group

Prysmian Group is world leader in the energy and telecom cable systems industry.

With almost 140 years of experience, sales exceeding Euros 11 billion, about

29,000 employees in over 50 countries and 112 plants, the Group is strongly

positioned in high-tech markets and offers the widest possible range of products,

services, technologies and know-how. It operates in the businesses of underground

and submarine cables and systems for power transmission and distribution, of special

cables for applications in many different industries and of medium and low voltage cables

for the construction and infrastructure sectors. For the telecommunications industry,

the Group manufactures cables and accessories for voice, video and data transmission,

offering a comprehensive range of optical fibres, optical and copper cables and

connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange

in the FTSE MIB index.

Photo - https://mma.prnewswire.com/media/1099476/Cable_Enterprise_vessel.jpg

Logo - https://mma.prnewswire.com/media/888331/Prysmian_Group_Logo.jpg

Media Relations

Lorenzo Caruso

Corporate and Business Communications Director

Ph. +39-02-6449-1

lorenzo.caruso@prysmiangroup.com

Investor Relations

Cristina Bifulco

Investor Relations Director

Ph. +39-02-6449-1

mariacristina.bifulco@prysmiangroup.com

SOURCE: Prysmian S.p.A