Hellenic Cables inks biggest ever inter-array cables contract for Dogger Bank in the UK

Athens, 30 September 2020

Hellenic Cables, leading provider of submarine cable solutions, has been awarded its biggest to-date contract for inter-array cables by DEME Offshore, the renewables business unit of DEME Group, for the supply of approx. 650 km 66 kV inter-array cables and accessories to Dogger Bank offshore wind farm phases A & B, in the UK.

Dogger Bank Wind Farm is located more than 130 km off the North East coast of England and is currently being developed in three 1.2 GW phases by joint venture partners SSE Renewables and Equinor. Dogger Bank will be the world’s largest offshore wind farm when complete and will generate enough energy to power over 4.5 million homes every year – around 5% of the UK’s electricity needs.

Under the contract, Hellenic Cables will design, manufacture, test and supply approx. 650 km of 66 kV XLPE-insulated inter-array cables and associated accessories. The cables will be produced at Hellenic Cables’ vertically integrated, state-of-the-art submarine cables plant in Corinth, Greece. Production of the cables for Dogger Bank A & B will commence in 2021 and delivery will be a phased roll out in line with the project execution program.

The contract with DEME Offshore is subject to joint venture partners SSE Renewables and Equinor reaching financial close on Dogger Bank A and Dogger Bank B, expected in late 2020.

DEME Offshore was awarded by Joint venture partners SSE Renewables and Equinor, a contract for engineering, procurement, construction and installation (EPCI) of the subsea inter-array cables for the combined first two phases of the offshore wind farm.

Mr Alexis Alexiou, CEO of Hellenic Cables commented: “This is a pivotal moment for our company. Being awarded the largest ever contract for inter-array cables is testament to our world-class manufacturing capabilities, following more than EUR 200 million investments in our Corinth plant. We are honored and thrilled to be part of this flagship project that paves the way to a more sustainable future”.

Bart De Poorter, General Manager DEME Offshore, commented: “We are pleased to have signed the contract with Hellenic Cables for the world’s biggest wind farm. We are confident that with Hellenic Cables’ strong track record and our combined expertise we can efficiently and safely deliver this large-scale inter-array cable project.”

Hellenic Cables 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 utilities, as well as undertaking turnkey power transmission and distribution projects. Through its fully owned subsidiary Fulgor, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints on a worldwide basis is empowered by the Company’s state-of-the-art facilities and equipment. Hellenic Cables recently implemented a EUR 200 million-investment plan for the production of high and extra high-voltage submarine cables at Corinth plant. Looking ahead, additional investments in technology and innovative cable solutions are decided, as a way of contributing to the creation of a sustainable future for its stakeholders. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com

DEME is a world leader in the highly specialised fields of dredging, solutions for the offshore energy industry, infra marine and environmental works. The company can build on more than 140 years of know-how and experience and has fostered a pioneering approach throughout its history, enabling it to be a front runner in innovation and new technologies. DEME’s vision is to work towards a sustainable future by offering solutions for global challenges: a rising sea level, a growing population, reduction of CO2 emissions, polluted rivers and soils and the scarcity of natural resources. While the company’s roots are in Belgium, DEME has built a strong presence in all of the world’s seas and continents, operating in more than 90 countries worldwide. DEME can rely on 5,200 highly skilled professionals across the globe. With a versatile and modern fleet of over 100 vessels, backed by a broad range of auxiliary equipment, the company can provide solutions for even the most complex projects. DEME achieved a turnover of 2.62 billion euros in 2019.

Equinor is developing as a broad energy company, building a material position in renewable energy. Equinor now powers more than one million European homes with renewable offshore wind from four offshore wind farms in the United Kingdom and Germany. Equinor is building material offshore wind clusters in the UK, the US North East and in the Baltics. The company commissioned the world’s first floating offshore wind farm in 2017 off the coast of Scotland and is positioned for future floating wind options in several geographies, including UK, Norway and Asia.

SSE Renewables is a leading developer, owner and operator of renewable energy across the UK and Ireland, with a portfolio of around 4GW of onshore wind, offshore wind and hydro. Part of the FTSE listed SSE plc, its strategy is to drive the transition to a net zero future through the world class development, construction and operation of renewable energy assets. SSE Renewables owns nearly 2GW of operational onshore wind capacity with over 1GW under development. Its 1,450 MW hydro portfolio includes 300MW of pumped storage and 750MW of flexible hydro. Its operational offshore wind portfolio consists of 580MW across three offshore sites, two of which it operates on behalf of its joint venture partners. SSE Renewables has the largest offshore wind development pipeline in the UK and Ireland at over 6GW.