Prysmian signs a contract worth around €1.9 billion with Eastern Green Link 2 Limited.

Milan, February 27, 2024 - Prysmian, world leader in the energy and telecom cable systems industry, has finalized the contract worth in the region of €1.9 billion by Eastern Green Link 2 Limited, a joint venture between SSEN Transmission and National Grid Electricity Transmission plc, the UK electricity transmission network owners. Under the contact, Prysmian will deliver a major HVDC cable system for the Eastern Green Link 2 (EGL2) network development project that shall connect Scotland and England.

“We are very proud to have the opportunity to play our role in the development of such a strategic infrastructure for UK, by making available our state-of-the-art cable technology” commented Hakan Ozmen, EVP Transmission BU, Prysmian. “Once completed, the electrical ‘superhighway’ cable link will unlock the rich renewable energy capacity of Scotland and significantly increase the UK’s capacity to deliver clean energy for around two million homes in the UK”

The award of the EGL2 contract, which can now be added to the Prysmian order backlog, follows the earlier selection of Prysmian as the exclusive preferred bidder in May 2023 and a subsequent commitment made in June 2023 to assure Prysmian’s continued capacity availability for the project. The new connection is due to be operational in 2029.

The EGL2 connection will form a vital electricity transmission link between Scotland and England and is one of the first cable systems contracted in the UK that will utilize 525 kV HVDC (High Voltage Direct Current) technology with extruded XLPE insulation. With a power transmission capacity of 2 GW, Prysmian will design, manufacture, install, test and commission the required HVDC cable system. 

For more details: please refer to earlier press releases issued in May & June 2023.