Nexans has been awarded a major turnkey contract valued at €1.43 billion to lay the section of the EuroAsia Interconnector that connects Greece and Cyprus.
As a critical part of a broader project to connect the grids of Greece, Israel, and Cyprus, the 525kV high voltage direct current (HVDC) cable will be the longest and deepest interconnector in the world with a bi-pole length of 2x900 km, and will run across the Mediterranean Sea floor at depths of over 3,000 metres.
“This record-breaking project demonstrates our capacity to innovate and push the limits of electrical transmission and distribution to meet an ever growing global need,” said Christopher Guérin, CEO, Nexans.
”This is a crucial step on the path to a carbon-free economy. Nexans’ global electrification strategy is playing a key role in the world’s journey to a net zero future and we are excited that we have been selected to bring the development of the EuroAsia Interconnector to life. ”
Energy highway
Subsea HVDC Mass Impregnated cables will be manufactured in Nexans’ facilities in Halden (Norway) and Futtsu (Japan) and will be installed by the state-of-the-art cable laying vessels Nexans Aurora and Nexans Skagerrak.
The EuroAsia Interconnector will exchange up to 1,000 MW among the three nations with the capability of increasing to 2,000 MW, the equivalent to 3 million households’ average electricity consumption and will end the energy isolation of Cyprus by creating an energy highway between Europe and Asia,
When completed, it will be the largest interconnector project in history, supplying over 3 million homes with electricity. Pole One is expected to be completed in 2028 and Pole Two in 2029.
Away from the interconnector contract, Nexans keeps expanding into new and important markets, as demonstrated with Nexans’ recent awards including the 2GW Frame Agreement with TenneT with breakthrough 525 kV offshore cable technology and the Celtic Interconnector connecting France and Ireland.
Nexans’ solutions cover the full electrification value chain aiming to connect the world’s renewable energy sources and ensure electricity can be delivered to all corners of the world securely, reliably and efficiently.
