Prysmian has signed an agreement worth approximately €900m with Clean Path New York to provide submarine and land power cable systems for one of the largest transmission infrastructure projects in the United States.
Clean Path New York is an $11bn renewable energy project comprising 3.8GW of wind and solar power from more than 20 new wind and solar generation resources and a new 175-mile, underground and submarine transmission link.
Clean Path New York is a public-private collaboration between Invenergy, energyRe, and the New York Power Authority.
Under the terms of the agreement, Prysmian Group will be responsible for the design, manufacture, construction, installation, and commissioning of Clean Path New York’s HVDC (high-voltage direct current) 400kV single core cable system with XLPE insulation, conditional upon Clean Path New York issuing its notice to proceed in Spring 2024.
“We are proud to support Clean Path New York in meeting New York State’s ambitious climate goals to be 70% carbon-free by 2030,” commented Prysmian Group executive vice president Hakan Ozmen.
“Clean Path New York is one of the largest transmission infrastructure projects to be executed in New York State and is one the first 400kV HVDC interconnectors to be built by Prysmian around the world.
“This agreement reinforces Prysmian Group’s leading position in the submarine and land cable market and underlines both our continued role in and our commitment to the North American energy transition.”