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Prysmian bags Suedostlink contract

Prysmian will supply and install land system for transmitting renewable energy generated by wind farms.

Photo: Prysmian

Italian cable maker Prysmian has received a EUR 700m contract from transmission system operator Tennet with the aim of extending the Suedostlink project, writes Bloomberg News.

Prysmian will supply and install a land system for transmitting renewable energy generated by wind farms in northern and eastern Germany to high-consumption cities and factory areas in southern Germany.

On the Milan stock exchange, the Prysmian share price appreciates by 1.7% to EUR 26.69.

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