Offshore Wind Power Cables

Supplier Market Data

Prysmian

Prysmian continues to build up its submarine power cable offerings with a combination of organic growth and acquisitions.  After buying Draka in 2011, Prysmian acquired General Cable in 2018.  General Cable is a US-based cable conglomerate, manufacturing a variety of terrestrial cables in several US plants.  For offshore wind, however, General Cable’s holdings included Norddeutsche Seekabelwerke (NSW), Germany’s biggest maker of submarine power cables.  This unit has now become part of Prysmian’s broader network of submarine power cable activities. 

As the graphs show, Prysmian has had three standout years for new offshore wind cable contracts in 2011, 2017 and 2018.  2011 was a year in which the offshore wind market in Europe expanded so rapidly that it outstripped the entire supply chain causing developers to pull back on their wind farm plans until the market was able to pick up again in 2014.

In 2018, Prysmian was able to take advantage of the geographic expansion of offshore wind in Europe, picking major contracts in France as well as in the traditional markets of the UK, Germany and Denmark.

Prysmian has three plants dedicated to submarine cable production, located in Pikkala, Finland; Drammen, Norway; and Arco Felice, Italy.  It also operates three cable ships: Giulio Verne, Cable Enterprise and Ulisse.  To this is now added NSW’s plant in Nordenham, Germany, and NSW’s cable ship Aura and cable barge NOSTAG 10.

Although Prysmian acquire a major US cable market in General Cable, the company has not announced any plans to manufacture submarine power cable in the US.  It has, however, indicated a strong interest in the US market.  In December 2018, Prysmian won a contract for an interconnector project off the coast of Massachusetts.  In announcing the contract, Prysmian pointed to the General Cable acquisition and said that it was “well-equipped to capture any market opportunities that arise.”

Feb 2019 OWCA Prysmian 1

Feb 2019 OWCA Prysmian 2

As the graphs show, Prysmian has had two huge years for new offshore wind cable contracts in 2011 and 2017.  2011 was a year in which the offshore wind market in Europe expanded so rapidly that it outstripped the entire supply chain causing developers to pull back on their wind farm plans until the market was able to pick up again in 2014. 

In 2017, Prysmian was able to take advantage of the geographic expansion of offshore wind in Europe, picking major contracts in France as well as in the traditional markets of the UK, Germany and Denmark. 

Prysmian has three plants dedicated to submarine cable production, located in Pikkala, Finland, Drammen, Norway and Arco Felice, Italy.  It also operates three cable ships: Giulio Verne, Cable Enterprise and Ulisse.  With the General Cable acquisition, Prysmian added NSW’s plant in Nordenham, Germany, and NSW’s cable ship (Aura) and cable barge (NOSTAG 10). 

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