Italian energy and telecom cable-making and set up companies agency Prysmian Group has signed an settlement price round €900 million with Clear Path New York to offer subsea and land energy cable programs for one of many largest transmission infrastructure initiatives in america.
Clear Path New York is an $11 billion renewable power undertaking comprising 3,800 MW of wind and solar energy from greater than 20 new wind and photo voltaic era assets and a brand new 175-mile underground and submarine transmission hyperlink.
Collectively, these property will allow the supply of greater than 7.5 million megawatt-hours of electrical energy yearly—sufficient to energy greater than 1.5 million New York households. Clear Path New York is a public-private collaboration between Invenergy, energyRe, and the New York Energy Authority.
Below the phrases of the settlement, Prysmian Group will likely be chargeable for the design, manufacture, building, set up, and commissioning of Clear Path New York’s HVDC (high-voltage direct present) 400 KV single core cable system with XLPE insulation, conditional upon Clear Path New York issuing its discover to proceed in Spring 2024.
“We’re proud to assist Clear Path New York in assembly New York State’s bold local weather objectives to be 70% carbon-free by 2030,” commented Hakan Ozmen, EVP Initiatives BU, Prysmian Group. “Clear Path New York is without doubt one of the largest transmission infrastructure initiatives to be executed in New York State and is one the primary 400 kV HVDC interconnectors to be constructed by Prysmian all over the world. This settlement reinforces Prysmian Group’s main place within the submarine and land cable market and underlines each our continued position in and our dedication to the North American power transition,” concluded Ozmen.
“Via this settlement with Prysmian, Clear Path NY is securing know-how to ship electrical energy New Yorkers can rely on,” mentioned Shashank Sane, Government Vice President of Transmission at Invenergy and Glenn Goldstein, President of Clear Path New York for energyRe. “Excessive-voltage direct present transmission can reshape our nation’s energy grid by offering unmatched reliability and resilience. Regardless of trade headwinds, this settlement represents progress towards New York’s local weather and sustainability objectives.”
