Prysmian invests in a new cable ship

Prysmian Group announces a €200 million investment to expand its fleet of cable laying vessels.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Prysmian Group announces a €200 million investment to expand its to expand its fleet of cable-laying vessels.

A new ship

Prysmian Group announced that this new cable ship would enter service in 2025. The new vessel, built by the VARD Group, will be distinguished by its technical performance, operational flexibility and durability. The cable ship will be similar to the Leonardo da Vinci, delivered in 2021 by the same company.

It exceeded all expectations in its first year of operation. Valerio Battista, CEO of Prysmian Group, states:

“The development of more efficient and sustainable power grid infrastructure is essential to enable the energy transition, and submarine cables are a key part of that. As a global leader, we are fully committed to technology innovation and are pleased to partner with global leaders in shipbuilding such as Fincantieri and Vard to also enhance our installation capabilities.”

The new vessel will have a similar hull to its predecessor with a length of about 170 meters and a width of 34 meters.

It will integrate similar cable installation equipment. In addition, this will be the sixth vessel to be added to the company’s fleet. Hakan Ozmen, EVP Project BU at Prysmian Group, said:

“The new vessel will definitely change the game by strengthening our installation capabilities and supporting our leadership position in the interconnection and offshore wind farm markets, while ensuring timely delivery and execution. This new vessel joins the Leonardo da Vinci and other cable ships in our existing fleet, and will now support the Group’s long-term growth in the evolving subsea cable installation business.”

An ecological design

Prysmian ‘s vessel will also reduce its fuel consumption by 40% compared to a traditional cable ship. Indeed, the high load capacity of the cables and the speed of navigation will significantly reduce the number of cable installation campaigns required. In addition, the highly efficient and environmentally friendly engines will reduce NOX emissions by 85%.

In addition, these motors will enable the cable installer to comply with international environmental requirements. Finally, the new vessel will carry a battery pack with a total power of 3MW. The Prysmian vessel will be in charge of important projects such as Dominion Energy.

This is the largest subsea cabling project ever secured by Prysmian in the United States. He will also be responsible for the Neuconnect Energy Link project, the first power cable connection between the UK andGermany. Finally, the company will assign it to the Dolwin4 and Borwin4 projects, two grid connection cable systems for offshore wind farms in Germany.

US-based Madison secures $800mn debt facility to finance energy infrastructure projects and address rising grid demand across the country.
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGrid™ energy campus, focused on artificial intelligence and high-performance data applications.
Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.

Log in to read this article

You'll also have access to a selection of our best content.