Tideway-Hellenic Cables consortium assigned to connect Seamade wind farm off the Belgian coast to grid

Hellenic Cables-Tideway-Hellenic Cables consortium assigned to connect Seamade wind farm off the Belgian coast to grid

Athens, December 3, 2018

Tideway-Hellenic Cables consortium assigned to connect Seamade wind farm off the Belgian coast to grid

Seamade NV has awarded the Tideway-Hellenic Cables consortium a turnkey contract with total value approx. EUR 44 mil for the supply and installation of submarine export cables for the connection of the Seamade offshore wind project to the Belgian grid.

Seamade is the name of the combined offshore wind projects Mermaid and Seastar, two offshore wind farms in the Belgian part of the North Sea. The wind farms are under development by Seamade NV, a joint venture between Otary (70%), Electrabel (17.5%), and Eneco Wind Belgium SA (12.5%), approx. 50 kilometres off the Belgian coast. The Seastar wind farm will have a capacity of approximately 246 MW, while the Mermaid offshore wind farm will have a capacity between 232-266 MW. The contract entered between the joint venture Seamade NV and the Tideway-Hellenic Cables consortium covers the design, the manufacture of approximately 30 kilometres of 220 kV cables for both wind farms, the cable installation operations, and connecting the wind farms high voltage substations to the Belgian modular offshore grid.

The submarine cables will be manufactured at the plant of Hellenic Cables subsidiary Fulgor, located at Soussaki, Corinth, Greece where the production and testing of the longest submarine cable lengths worldwide is made possible by the state-of-the-art facilities and equipment.

About Hellenic Cables

Cablel® Hellenic Cables represents the cable production segment of Cenergy Holdings SA, and is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for various industries, including offshore wind and power grid connections, while also undertaking the completion of turnkey power transmission and distribution projects. The Company’s production base comprises four plants in Greece and one in Bulgaria, including the submarine cables’ plant of its subsidiary, Fulgor, where the production and testing of some of the longest submarine cable lengths on a worldwide basis is empowered by the Company’s state-of-the-art facilities and equipment. Cablel® Hellenic Cables recently implemented a EUR 120 million approx. investment plan for the manufacture of high-voltage and extra high-voltage submarine cables at Fulgor’s plant. Looking ahead, additional investments in technology and innovative cable solutions are planned, as a way of contributing to the creation of a sustainable future for its stakeholders.