Milan, ITALY - The projects are key to meeting Spain's 2030 energy transition goals.

Prysmian Group has announced that they have been awarded two contracts worth approximately $256 million by Red Eléctrica, the Transmission System Operator of the Spanish power grid, for the development of two projects: a submarine power interconnection between the islands of Tenerife and La Gomera, and another submarine power interconnection between the Spanish mainland and Ceuta.

According to the company, Prysmian Group should provide its comprehensive turnkey approach for the design, supply, installation, and commissioning of the technological challenge to connect Tenerife and La Gomera and the Spanish mainland and Ceuta through the Strait of Gibraltar.

"This award confirms the mutual trust and long-standing relationship between Red Eléctrica and Prysmian Group, because it is the latest of several projects developed together in Spain to enhance the national power grid's reliability. We are proud to support Spain in meeting its Energy Transition goals by 2030, providing our state-of-the-art submarine and land cable systems," stated Hakan Ozmen, EVP Projects BU, Prysmian Group.

Source: Prysmian Group