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Prysmian wins 630 million euro contract in US submarine cable project

By Reuters

MILAN – The world’s largest cable maker, Prysmian, said on Friday it had been awarded, in consortium with offshore industry company Deme Group, a 1.6 billion euro($1.85 billion) contract from US Dominion Energy.

The Italian company said the submarine cable contract, about 630 million euros of which related to Prysmian, was the largest ever awarded in the United States.

The project includes the supply of 880 km (547 miles) of cables for a milestone 2.6 GW coastal Virginia offshore wind project and is expected to be completed by 2026.

($1=0.8655 euros)