The new vessel, which will be fully operational by the second quarter of 2021, will strengthen Prysmian project execution capabilities.
September 12, 2019
Prysmian Group has taken a step forward in the construction of its new cable-laying vessel. Strictly in accordance with the timeline, basic design phase has been substantially completed, detail engineering is well in progress, steel cutting started in May 2019 and keel laying work kicked off last week at Vard’s shipyards (part of Fincantieri Group).
Named Leonardo da Vinci, in tribute to the famous Italian genius, inventor, engineer, globally recognised as the leading artist and intellectual of the Italian Renaissance, the new vessel will be fully operational by 2Q 2021. With an investment in excess of €170 million, this strategic asset will reinforce Prysmian’s project execution capability and its one-stop-shop solution provider approach.
“The acquisition of €700 million Viking Link contract confirms Prysmian’s undisputed market leadership and allows us to pursue opportunities in the submarine cable market, in particular in offshore wind farm sector. Leonardo da Vinci will be the most advanced cable layer in the market and it will dramatically improve the Group’s project execution capabilities and ability to support our customers, TSOs and Utilities, in matching the increasing need for upgrading power grids to support the energy transition,” says Hakan Ozmen, EVP Projects, Prysmian Group.
