Prysmian signs €600 million contract for Marinus link in Australia

Prysmian and Marinus Link Pty Ltd. have finalised an around €600 million contract for a new power interconnector between Victoria and Tasmania, Australia. The commencement of the works is subject to the issuance of a notice to proceed, which is expected by August 2025. This agreement follows the prior announcement of a capacity reservation agreement communicated in September 2023. Link here.

The project's cables will span 345 km—255 km undersea across Bass Strait and 90 km underground in Gippsland, Victoria. The completion date is set for 2030.

With a capacity of 750 MW for the first stage, the Marinus Link will facilitate the flow of electricity and telecommunications between the two states. It will enable an efficient transfer of power from the areas where renewable energy is generated to those where it is needed. The link will also help Australia meet its emissions reduction targets by saving up to 70 million tonnes of CO2 equivalent by 2050.

Prysmian will design, test, supply and install an HVDC (High Voltage Direct Current) cable system, consisting of 320 kV single-core cables with XLPE insulation and single-wire armouring, covering both submarine and land sections. Prysmian will also provide a fully integrated PRY-CAM permanent monitoring system.

Submarine cables will be produced at Prysmian's centre of excellence in Arco Felice (Italy), while land cables will be produced in Delft (The Netherlands) or Gron (France). Installation operations will be delivered with Prysmian's record-setting cable-laying vessel, the Leonardo da Vinci (discover more here).

Hakan Ozmen, EVP Transmission at Prysmian said: "This project strengthens our global leadership, as well as our position in Oceania's fast-growing renewables market. We are proud to support Australia in its goal to combine the benefits of renewable energy to deliver low-cost, reliable, and clean energy to customers."

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Image source: Courtesy of Prysmian Group

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