2017 Yearly Overview | Prysmian Group

49 new cable laying vessel that will bolster our turnkey approach. We’ll have the capacity to deliver end-to-end solutions, from engineering, manufacturing and installation to full monitoring and diagnostic services. The new vessel will support long-term growth prospects in the submarine cable installation business as it is intended to be the most capable cable layer in the market, and is expected to provide enhanced project versatility thanks to progressive features, such as deep water installation capabilities for depths of more than 2,000 metres. In an increasingly interconnected and decentralised energy environment, submarine connections play a critical role in enabling power transmission from offshore wind farms. Laid down in water depths varying from few to hundreds of metres beneath sea level, subsea cables are threatened by devices and instruments such as anchors and fishing gear – as demonstrated by the 90 cable damages that have occurred over the last seven years alone, totalling over €350 million in insurance claims. Preventing these kinds of events and being able to resolve problems quickly is crucial to transmission and offshore operators, who could suffer severe losses in the event of an interruption of availability. To deal with this problem, Prysmian has established Power Link Cable Solutions, providing complete, effective management of subsea cable assets, lowering downtime and remarkably reducing long-term asset risk and operating expense. Cutting-edge, real-time monitoring systems and a fully-equipped maintenance marine base are key to predicting and detecting arising issues while helping operators prepare for every kind of intervention to recover damaged cables. Power Link Cable Solutions is the result of Prysmian Group’s subsea cables unrivalled know-how, extensive experience, cutting-edge technology and superior installation capabilities, all integrated into a one-stop enhanced solution able to provide the best holistic asset management for submarine cable assets available in the market Based on PRY-CAM technology, the solution guarantees 24/7 remote subsea cable control, featuring non-invasive measurement and deep diagnostic information, including programmed intervention to prevent any system malfunctions. Being located just a few days from all main Northern Europe offshore locations is strategic, since there will be 20,000 km of HVDC marine cable installed in Northern Europe by 2030. This new solution will halve cable outage times, leading to a 50% total loss reduction. Prysmian’s new enhanced asset management solution helps TSO and offshore operators prevent subsea cable damages, while minimising downtime and costs in the event of an interruption of availability. FRESH SOLUTIONS TO HELP OFFSHORE OPERATORS