Italy’s Prysmian wins €1.8bn contracts for Dutch wind farms

Natalie Portman
By Natalie Portman 1 Min Read

ROME (RockedBuzz via Reuters) – Italian cable maker Prysmian has won contracts worth about 1.8 billion euros ($1.91 billion) from Dutch operator TenneT to connect two future offshore wind farms in the Dutch province of Zeeland.

Prysmian, the world’s largest cable maker, said the contracts boost the total value of its order book to around 8.5 billion euros. A signing ceremony will take place on March 7, he added.

Shares of the company are up nearly 5% in early trading.

Prysmian will supply submarine and underground cable systems for wind farm projects in the Dutch North Sea, the company said, with an expected capacity of 4 gigawatts.

($1 = 0.9422 euros)

(Reporting by Alvise Armellini Editing by Federico Maccioni and David Goodman)

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