Prysmian Group News


AES Acquires CWind from Inspirit Capital

Jan 08, 2025

All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…

Prysmian Signs $735M Offshore Wind Connections Deal with French TSO

Dec 17, 2024

Italian cable maker and installation services provider Prysmian has signed a framework agreement with the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE), to provide subsea cables for grid connection of two offshore wind farms in France…

TotalEnergies Set for $2B Acquisition of Renewables Developer VSB

Dec 03, 2024

French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday.TotalEnergies and Partners Group declined to comment…

TechnipFMC and Prysmian Form Floating Wind Partnership

Nov 04, 2024

TechnipFMC and Prysmian have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.The collaboration agreement brings together the technologies…

DOF Group Completes Acquisition of Maersk Supply Service

Nov 01, 2024

Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark.The combined company is expected to become one of the leading offshore service provider…

DEME Gets Multi-Million Dollar Inter-Array Cabling Job at Dutch Offshore Wind Farm

Oct 25, 2024

Belgium-based offshore installation services company DEME has secured a contract, worth up to $320 million, to carry out the transport and installation works for the inter-array cables and secondary steel for the OranjeWind offshore wind farm in the Netherlands…

Ignitis Group Seeks Partner for Lithuania’s 700MW Offshore Wind Tender

Oct 15, 2024

Ignitis Group has set out plans to participate in the second offshore wind tender for the rights to develop around 700 MW of offshore wind capacity in the Baltic Sea, while also launching a selection process for the partner in potential developments…

MET Group to Build Its First LNG Vessel in Partnership with Celsius

Oct 01, 2024

As part of its LNG growth strategy, Swiss-based MET Group has reached a partnership agreement with Celsius to build its first LNG vessel, scheduled for delivery in 2027.The LNG carrier will be constructed by China Merchants Heavy Industry (Jiangsu)…

Offshore Wind Opponents in Australia, Europe Lean on US Groups for Advice

Sep 23, 2024

Bill Thompson's fight to stop offshore wind farms was once confined to the tiny U.S. state of Rhode Island where he lives. Today, he is part of a global movement.In April, Thompson, who is director of the activist group Green Oceans, got an email from a fellow anti-offshore wind group more than 10…

IK Group Spins Off Norclamp

Aug 28, 2024

IK Group launched Norclamp, a new company dedicated to meeting the rising demand for subsea pipeline repairs.In response to the increasing need for maintenance solutions in the subsea pipeline repair segment, IK Group spun off its repair clamp business unit from IK Subsea to establish Norclamp…

Prysmian Awarded $96 Million in Trade Secrets Dispute Against Sterlite

Aug 12, 2024

Italian cable maker Prysmian on Monday received about $96 million in its trade secrets case against India's Sterile Technologies.Prysmian filed the lawsuit in 2021 claiming that a former executive Stephen Szymanski misused trade secrets and took them to his new employer Sterlite…

Coalition Forms to Combat US Offshore Wind

Aug 08, 2024

U.S. activists opposed to offshore wind development are forming a national coalition aimed at fighting projects from California to New England, according to the effort's founder and two other organizations.The National Offshore-wind Opposition Alliance…

Prysmian Gets $647M Job to Install Australia’s Green Interconnector

Aug 02, 2024

Italian cable maker and installation services provider Prysmian has signed a contract, worth around $647 million (€600 million), to supply and install new interconnector between Victoria and Tasmania that will facilitate the flow of renewable energy between the two Australia’s states…

Prysmian Gets $489M from EIB for European Green Transition Push

Jul 24, 2024

The European Investment Bank (EIB) and Italian cable maker Prysmian have signed a new $488.7 million (€450 million) finance contract to facilitate green electricity transmission and distribution in Europe.With a view to meeting the growing demand…

Prysmian’s Monna Lisa Reaches Norway (Video)

Jul 15, 2024

Prysmian's Monna Lisa vessel, being build by Vard, has reached Norway for final outfitting, installation of main mission equipment and trials, before becoming fully operational in 2025.The 171-meter-long cable laying vessel (CLV) arrived to Norway after travelling 4…

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