Prysmian Announces Major Investment in Vessels for Submarine Cable Installation - reNews - Renewable Energy News

Prysmian Announces Major Investment in Vessels for Submarine Cable Installation – reNews – Renewable Energy News

Written by Paulo Nogueira

Published on 21/12/2023 at 06:45

Be the first to react!

Monna Lisa Class Installation Vessels of the VARD Group, a Subsidiary of the Fincantieri Group, with Proven Execution Capabilities, in Operation in 2025 and 2027.

The Prysmian Group announced it will make a significant investment of approximately 350 million euros in the construction of two new cable installation ships, which will strengthen Prysmian’s underwater project execution capabilities. The first vessel, which will be an evolution of the Monna Lisa class, will have an approximate length of 185m and a width of about 34m. This new vessel will be equipped with advanced cable installation solutions, including three carousels for a total capacity of 19,000 tons. Built by the VARD Group, a subsidiary of the Fincantieri Group, the first vessel will be operational in early 2027. This investment demonstrates Prysmian’s commitment to stay at the forefront of the subsea cable sector, acting as a reliable leader in installation vessels.

With the growing market, the Prysmian Group is facing an increasing demand for submarine cable systems for interconnections and complex projects, both in Europe and the US. Hakan Ozmen, EVP Projects BU, Prysmian Group, emphasized that ‘this investment reaffirms Prysmian’s crucial role in the submarine cable business and its proven ability to act as a truly reliable and dedicated leader in ready-to-use execution, supporting the long-term growth prospects of the Group’. This strategic investment reflects Prysmian’s commitment to continue expanding its operations and strengthening its position as an industry leader in application in maritime technologies.

VARD Group, a subsidiary of the Fincantieri Group, announces the awarding of the contract for the construction of a Monna Lisa class cable-laying vessel for the Prysmian Group. The vessel will be built at the Vard Braila shipyard in Romania, with delivery expected in the second quarter of 2023. The vessel will have total capacity to carry over 10,000 tons of cable and will feature concentric carousels for cable loading. This investment reinforces the VARD group’s position as a truly reliable leader in complex projects of installation vessels and interconnections of submarine cable systems and offshore wind farm projects.

ARTICLE CONTINUES BELOW

See also

The cable-laying vessel will be used by the Prysmian Group to support its rapidly expanding global projects. This strategic investment will reinforce the VARD Group’s proven capability to meet the needs of the ever-evolving market and the growth prospects around power and communications interconnection worldwide.

Roy Reite, CEO and Executive Director of the VARD Group, states: ‘We are very pleased to receive this contract from Prysmian, showing the company’s ongoing confidence in our capability and expertise. This investment is the result of a joint effort and we are proud to support Prysmian in the most demanding underwater infrastructure projects in the world’. The crucial role played by the EVP Projects BU in bringing this contract to the VARD Group only further highlights our leading position in this specialized field.’

0 Comments

most recent

older Most voted

Prysmian Announces Major Investment in Vessels for Submarine Cable Installation – reNews – Renewable Energy News

Monna Lisa Class Installation Vessels of the VARD Group, a Subsidiary of the Fincantieri Group, with Proven Execution Capabilities, in Operation in 2025 and 2027.

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

BYD Atto 2 DM-i flex prepares to debut in Brazil with a plug-in hybrid engine, national assembly in Camaçari, competitive pricing, and targets Creta and T-Cross in a battle that promises to heat up the compact SUV market.

Processors can become 1,000 times faster with a new device that uses light pulses, operates in 40 picoseconds, and reduces the heat that stalls data centers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

The paycheck that seemed impossible: São José employee receives R$ 7.94 after legal strike, while deductions by the City Hall affect over a thousand employees and become a target of inquiry in the City Council.

Prysmian Announces Major Investment in Vessels for Submarine Cable Installation – reNews – Renewable Energy News

Monna Lisa Class Installation Vessels of the VARD Group, a Subsidiary of the Fincantieri Group, with Proven Execution Capabilities, in Operation in 2025 and 2027.

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

Brazilian researchers develop a catalyst made with abundant metals that increases the efficiency of green hydrogen production and can replace expensive materials, creating a promising alternative to expand the use of clean energy worldwide.

New Fiat EV, priced at R$ 77,000, will bring a reinterpretation of the 147 and a consumption equivalent to 70 km/l.

With R$ 17.2 million, Equinor expands strategic sugarcane biomethane project and boosts innovation that can convert Brazil’s agricultural potential into a new source of high economic value renewable energy.

Wind farm in Namibia will have wind turbines assembled without giant cranes and is expected to avoid 200,000 tons of carbon dioxide per year when it becomes operational.

Spanish city uses an aquifer hidden 11 meters deep as an urban ‘refrigerator’ for almost 30 years, saves 52% of energy in a public building, and now resorts to AI to prevent the solution from exhausting its potential

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

BYD Atto 2 DM-i flex prepares to debut in Brazil with a plug-in hybrid engine, national assembly in Camaçari, competitive pricing, and targets Creta and T-Cross in a battle that promises to heat up the compact SUV market.

Processors can become 1,000 times faster with a new device that uses light pulses, operates in 40 picoseconds, and reduces the heat that stalls data centers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

The paycheck that seemed impossible: São José employee receives R$ 7.94 after legal strike, while deductions by the City Hall affect over a thousand employees and become a target of inquiry in the City Council.