Prysmian signed capacity reservation agreement for Australian Power interconnector project

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The project will support renewable energy in Tasmania and help Australia meeting its emissions reduction targets by 2050

Prysmian Group, world leader in the energy and telecom cable systems industry, signed a capacity reservation agreement for a capacity reservation fee of up to approx €90 million with Marinus Link Pty Ltd, a subsidiary of the Australian TSO TasNetworks, for a new power interconnector between Tasmania and Victoria, Australia. The agreement includes Commonwealth Government underwriting the capacity reservation fee of up to approx €90 million and Prysmian Group’s continued capacity availability until the execution of the final contract within July 2024. With an overall capacity of 750 MW, the power link will facilitate the flow of electricity... ... More: Official Press Release Prysmian Group

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Prysmian, Australia, Tasmania, Marinus Link, capability, power interconnector, emissions, reduction, target, renewable energy, contract, submarine