Subsea Cables News

 

Norway's Eksfin Finances Nexans' New UK Export Cable Contract with Loan Guarantees

Apr 25, 2023

Export Finance Norway (Eksfin) has financed Nexans Norway’s new UK export cable contract with NOK 2bn (£155m) in loan guarantees.'The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland…

LionLink: UK, Netherlands Plan Cross-border Power Link to Boost Energy Security

Apr 24, 2023

The Netherlands and Britain plan to build what would be Europe's biggest cross-border electricity link connected to an offshore wind farm, their energy ministers said on Monday, part of efforts to boost energy security. The 'LionLink' interconnector will be able to transfer 1…

OEG Offshore Buys Subsea Cable Industry Specialist Pelagian

Apr 21, 2023

OEG Offshore has acquired Pelagian Ltd, a company that provides consultancy, engineering, and installation management services to the subsea cable and offshore renewable energy industries.'Pelagian Ltd is an established UK-based company with over 20 years of experience in the subsea cable industry…

Jan De Nul to Install Second Cable for Hollandse Kust (west Alpha)

Apr 20, 2023

Offshore installation contractor Jan De Nul will this week complete the installation for the offshore wind farm Hollandse Kust (west Alpha) to TenneT's substation 50 km off the coast of Egmond aan Zee, offshore the Netherlands.This will be the second cable connection for this wind farm…

Norway Parliament Asks for CCS Alternative to Decarbonize Major LNG Plant

Apr 18, 2023

Norway's parliament on Tuesday told the government to consider an alternative way to cut carbon emissions at Western Europe's largest liquefied natural gas (LNG) plant, but stopped short of outright halting a controversial plan to use power from land…

N-Sea to Install Subsea Power Cable between Riffgat Offshore Wind Farm and N05-A Offshore Platform

Apr 13, 2023

The Dutch oil and gas company ONE-Dyas has awarded subsea services firm N-Sea a contract to install a subsea power cable between the Riffgat offshore wind farm and the new to be built N05-A gas production platform in the Dutch North Sea.N-Sea's scope comprises of survey…

NKT Wins €500M Contract to Deliver Cables for Ørsted's Offshore Wind Project in UK

Mar 31, 2023

Offshore cable maker NKT won a contract to deliver the high-voltage DC on- and offshore export cable system for Ørsted's Hornsea 3 offshore wind project in the UK. NKT said that the final order has an estimated contract value of approximately…

TenneT Awards $25B in Contracts to Build North Sea-to-shore connections

Mar 30, 2023

Dutch state-owned electric grid company TenneT has awarded 11 contracts worth a combined 23 billion euros ($25 billion) to build systems connecting wind farms in the North Sea to shore, it said on Thursday. The contracts are being awarded to consortia led by Hitachi Energy and by General Electric…

Asso.subsea Partners with GAP Consortium for crucial Greece-Egypt Interconnection

Mar 28, 2023

The GAP Consortium and Asso.subsea have signed a Memorandum of Understanding (MoU) for cooperation on the two-gigawatt (2 GW) electrical interconnection between Greece and Egypt (Greece-Africa Power Interconnector – GAP).The GAP, founded by the Eunice Energy Group…

German Power Grid Firms List Costs to Meet Zero-carbon Targets

Mar 27, 2023

Boosting German power transmission lines to accommodate a shift to zero-carbon generation industry will require 14,197 km (8821.61 miles) of new networks costing billions of euros, the country's high voltage grid firms (TSOs) said on Friday…

Ocean Installer to Install Cables at World's Largest Floating Wind Farm

Mar 14, 2023

Offshore installation company Ocean Installer has won a contract with Equinor for the installation of dynamic inter-array cables on Hywind Tampen in Norway.Hywind Tampen is the world’s largest floating wind farm and will be used to partially power Equinor's oil and gas platforms in the North Sea…

NKT Secures Record-breaking High-Voltage Power Cable Deals in Dutch North Sea

Mar 03, 2023

Offshore cable firm NKT has secured three turnkey high-voltage power cable projects for the IJmuiden Ver and Nederwiek offshore wind zones in the Netherlands. The company said the projects have a combined order value of approximately EUR 2 billion…

Prysmian Bags €1.8B Order to Connect Dutch Offshore Wind Farms

Mar 03, 2023

Energy and telecom cable firm Prysmian Group has secured contracts worth approximately €1.8 billion (currently around $1.9 billion) in total with the Dutch transmission system operator TenneT for the two grid connection projects IJmuiden Ver…

Subsea Power Link Between Spain and France to Go Ahead Despite Cost Increase

Mar 03, 2023

France and Spain announced a breakthrough on Thursday in a long-running impasse over what would be their first undersea electricity link.Spanish competition watchdog CNMC and French energy regulator CRE gave the go-ahead to a new cost-sharing…

Luna Innovations' Monitoring Services for Largest Offshore Wind Project in US

Feb 24, 2023

Optical technology specialist Luna Innovations will provide monitoring services for what will become the largest offshore wind project in the United States - Dominion Energy’s Coastal Virginia Offshore Wind (CVOW) project. The company’s EN.SURE…

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