- The contracts comprise project management, design, engineering, production, delivery, and installation of the first 525 kV offshore cable systems.
- The deal is valued roughly $2.1bn.
The cable systems for five 2-GW grid connections in the Dutch North Sea will be installed by cable manufacturers NKT A/S and Prysmian SpA, according to transmission system operator (TSO) TenneT.
The contracts comprise project management, design, engineering, production, delivery, and installation of the first 525 kV offshore cable systems offshore, nearshore, and inshore. Between 2028 and 2030 is the anticipated completion date for the projects. The deal, according to Danish producer NKT, is valued roughly EUR 2 billion (USD 2.1bn). It will be in charge of the cables that will alight at Maasvlakte in the Port of Rotterdam for the IJmuiden Ver Beta, IJmuiden Ver Gamma, and Nederwiek 2 connections.
According to Prysmian of Italy, the contract is valued at roughly 1.8 billion euros. It will oversee the landing of the Nederwiek 1 and IJmuiden Ver Alpha links in Sloegebied, Zeeland. Onshore cable laying work is scheduled to start in 2025, and offshore cable laying work will start in 2026. The companies are anticipated to begin work on the projects this year.
TenneT’s new standardized platform, the 2-GW connections, aims to accelerate and improve the energy transition. Germany, the Netherlands, Denmark, and Belgium made commitments to at least 65 GW of offshore wind energy by 2030 during the North Sea Energy Summit in May 2022. Twenty GW each in the German and Dutch North Seas will be accounted for by TenneT.