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08.12.2017 Nexans Completes First Beatrice Export Cable
Cables specialist Nexans Norway, part of the French Nexans group, has completed the laying and burial of the first 70-kilometer 220kV export cable which will connect the 588MW Beatrice offshore wind farm to the Scottish grid.
Belau Submarine Cable Corporation (BSCC) and NEC Corporation have completed the construction of a new submarine cable, Palau Spur, linking the Republic of Palau to Guam.
Prysmian has agreed to buy rival General Cable for USD 3 billion including debt, creating a new powerhouse in the energy and telecom cable market. The offer of USD 30 per share cash is an 81 percent premium on General Cable's share price in July when the company announced it was considering strategic alternatives.
06.12.2017 Monet Subsea Cable Ready for Service
The consortium behind the Monet subsea cable system that connects Florida to Brazil has informed that the cable is ready for service.
According to a report at Zion Market Research, global offshore wind energy market size was valued at USD 20.3 billion in 2016 and is expected to reach USD 57.2 billion in 2022, growing at a CAGR of 16.2% between 2017 and 2022.