8/3/21  Nexans, which notes that it has been a long-term partner in renewable energy developments, announced that it has been awarded a contract by Equinor to supply power export cable for its innovative floating solar pilot offshore Frøya in Norway.

A press release said that the pilot project, called Frøya, is scheduled to come online this December, at which time it will be the world’s first floating solar plant operating in rough offshore waters. The Frøya floating plant will measure 80 m x 80 m, with a height of less than 3 m above the sea surface, hosting an array of solar panels capable of producing up to 1 megawatt.

Nexans will supply 5 km of 22 kW export cable to connect the floating platform from shallow waters to land. The most challenging aspect for the cable construction is to handle the dynamic loadings as the connection at the platform end pitches up and down with the waves. Nexans is utilizing a three-core cable design of a type well proven in offshore wind farm and fish farming installations. The cable will be manufactured at Rognan plant in Norway.

“Our mission for Nexans is to electrify the world,” said Krister Granlie, vice president of the submarine telecom and special cables business unit of Nexans. “Our mission for Nexans is to electrify the world. That means exploring every possible opportunity to help develop new sources of green energy. So, we are delighted to be working once again with Equinor on a truly exciting project that further extends the boundaries of what might be possible in generating renewable energy offshore.”

Utility-scale floating solar power is currently one of the fastest growing renewable technologies as governments and investors around the world explore every possibility for safer, sustainable and decarbonized energy. This is expected to drive almost 10 gigawatt of new floating solar deployment by 2025.

7/27/21  HVD Partners announced that it has entered into a definitive agreement to acquire the assets of Italy’s Sampsistemi Srl and Sampsistemi Extrusion Srl through a process administered by the Court of Bologna. The deal includes Samp Sistemi and Samp Extrusion in Italy, Samp China, Samp USA and Samp Brasil including Cortinovis do Brazil). The deal includes 45% of Setic and Pourtier, the remainder of which is owned by the Gauder Group.

A press release said that “HVD will invest in the revitalization of the company’s international operations and brand in the U.S., China and Brazil from its headquarters in Bentivoglio, Italy. Commented HVD Partners Managing Partner Jouni Heinonen, “Sampsistemi is a globally recognized Italian champion. We look forward to working with the management to restore the company on a path of profitable growth, serving customers from existing locations in all major expansion markets.”

Sampsistemi provides a wide range of extrusion equipment that processes from rod to the finished cable. HVD Partners, which describes itself as “a specialized transformation service provider helping banks, private lenders, corporations and private equity funds to rapidly develop and divest non-core activities,” has been active in the cable field before.

In 2018, HVD led the carve-out of Solifos AG—a Swiss manufacturer of specialty fiber optic cables for distributed sensing and mission-critical defense applications—from Brugg Cables. Changes were rapidly implemented to transform the business from a legacy of steep losses (-15% EBITDA) to a profitable stand-alone business in six months. On Dec. 11, 2020, it agreed to sell Solifos AG to NBG GmbH.

Of note, Heinonen is the ex-CEO of Nextrom and Plumettaz, and was also the chairman of Solifos, the carve out from Brugg Kabel AG.

7/12/21  Nexans has won a contract from VINCI-Energies Traction to supply traction cable for the new metro line 15 South, which is part of a mammoth French infrastructure project known as the Grand Paris Express (GPE).

A press release said that, when complete, the project—one of the world’s largest infrastructure projects, valued at approximately €35.6 billion—will double the existing Paris Metro network by adding four new lines, 68 stations and 200 km of track. It consists of a ring route around Paris (line 15) and lines connecting developing neighborhoods (lines 16, 17 and 18).

Along its 33-km length, the metropolitan Line 15 South will run from Pont-de-Sèvres to Noisy-Champs, passing through 22 districts to serve more than one million people. Most of the traction cables for the Line 15 South will be manufactured by the Nexans plant in Mehun-sur-Yèvre, France. Cable installation is scheduled to start in the third quarter of 2021, and Line 15 will open first, in 2025.

Nexans said that it is the first cable manufacturer to receive an order for this infrastructure project. The order, which will take place over more than three years, will see the traction cables installed along the rails in a long tunnel and in different technical rooms. The majority of the traction cables for metro Line 15 are from the K25 range developed by Nexans to comply with stringent fire performance railway standards. The contract will also include R2V cables. Option logistic services could be provided to ensure secured and on-time deliveries that would optimize cable installation for VINCI-Energies Traction.

The project is managed by The Société du Grand Paris. VINCI-Energies helps public authorities and business clients deploy energy, transport and communication infrastructure, industrial facilities and buildings. VINCI-Energies Traction is a consortium for the project.

7/12/21  The Prysmian Group has won a turn-key contract worth €900 million to supply some 700 miles of ±525 kV cross-linked polyethylene class HVDC cable that will connect two of the largest energy markets in the U.S.

A press release said that the order is from SOO Green HVDC Link, LLC (SOO Green), which named the Prysmian Group as its preferred supplier of high-voltage DC cable systems for a first-of-its-kind transmission project to be installed underground along existing railroad rights of way. The 2,100-MW interregional project, considered the first link in a national clean energy grid, will connect the Midwest Independent System Operator (MISO) that serves the central U.S. to the eastern PJM Interconnection, serving more than 1.2 million homes. For more information about the SOO Green HVDC Link, go to www.soogreenrr.com.

SOO Green, which is owned by investment funds managed by Copenhagen Infrastructure Partners, Siemens Energy, and Jingoli Power, is being developed by Minneapolis-based Direct Connect Development Company, LLC. The award is subject to final contract approvals. The construction part of the project will be performed by Jingoli Power, and will be added to the overall contract value.

The cables will be installed underground, primarily along existing railroad rights-of-way. They will connect SOO Green’s converter station in northern Iowa to its Illinois converter station, just west of Chicago. Cable production for the project is expected to start in 2023.

The cables will be made at Prysmian’s facility in Abbeville, South Carolina, which is being upgraded to help achieve President Biden’s goal of a zero-carbon power grid by 2035. “After the award of flagship projects such as the Vineyard offshore wind farm and the project to upgrade the Washington, D.C. area’s power transmission system, (this opportunity) further solidifies Prysmian Group as the partner of choice for the US interconnector market,” said Prysmian Group CEO Valerio Battista.

7/12/21  Bekaert announced that it will expand the company’s plant in Lipetsk, Russia, investing approximately $24 million to add a new production line for bead wire and to increase its current tire cord manufacturing capacity.

A press release said that the Lipetsk plant produces steel cord for the tire industry and Dramix® fibers for construction markets. The bead wire line will allow the company to make a full range of products for the reinforcement of tires. The projects are expected to create 80 new jobs. The production start of the plant extension is planned for the first half of 2022.

The news was announced at the St. Petersburg International Economic Forum (SPIEF ‘21). “This expansion will help the Bekaert Lipetsk team to continue to deliver superior value to their customers and to contribute to the customers’ growth ambitions in the region and the wider CIS, as well as to become an export platform to the European region,” the release said.

In January 2008, Bekaert first announced that it would strengthen its existing position in Russia by investing more than €97 million in a new steel cord production plant in the Lipetsk Special Economic Zone. At the time, Bekaert already had a portfolio of customers in Russia for steel cord products for tire reinforcement, steel fibers for concrete reinforcement and other specialized wire products, but they were being supplied by its plants in Central Europe. With the first phase, first production was scheduled to start in 2010, with other work phased in through 2013.

The Lipetsk plant, which serves customers in Russia and the wider CIS region, is about 400 km south of Moscow. Bekaert has also had a sales office in Moscow since 1998, that serves a portfolio of customers with a wide variety of advanced steel wire products.