Hellenic Cables to manufacture the subsea connection of Greece’s largest wind farm

Athens, 22 April 2021

Hellenic Cables, the cable segment of Cenergy Holdings, in joint venture with Asso.subsea Limited has been selected by TERNA ENERGY S.A, following an international tender, for the design, manufacturing, supply and installation of the 150 kV submarine cable system which will connect the under-construction 330 MW Kafireas II Wind Farm to Greece’s mainland grid.

Kafireas II Wind Farm, located in the southern-most part of Evia island, will be connected to the national Power Transmission System at IPTO’s 150 kV Lavrion substation. The Interconnection Cable System includes approximately 70 km of 150 kV three-core composite submarine cables as well as 11 km of 150 kV single-core underground onshore cables, along with all accessories, joints, terminations and fittings, necessary for the completion of the system.

Production of the cables will start soon and the implementation of the project, including the installation and protection of the submarine cable is expected to be completed by June 2022.
The offshore cable will be manufactured at Hellenic Cables’ state-of-the-art submarine cable production facility in Corinth, Greece, while onshore cables will be manufactured at the Company’s Thiva, Greece plant. Both facilities boast highly skilled and experienced personnel, world-class manufacturing capabilities and strict adherence to best working practices.

Mr. Alexis Alexiou, CEO of Cenergy Holdings and of Hellenic Cables commented: “We are very proud that together with Terna Energy, a company that holds a leading position in the sector of renewable energy sources, we are taking one more step along the path of renewables of the energy transition in the country”.

Mr. Alexandros Tziotakis, General Manager of Asso.subsea Limited, commented: «We are delighted for the opportunity to partner with Hellenic Cables and to contribute along with Terna Energy to the effective implementation of another innovative offshore interconnection project of pivotal importance to the Greek energy market».

Mr. Emmanouel Maragoudakis, CEO, TERNA ENERGY said, “We are very happy to be cooperating with Hellenic Cables in joint forces with Asso.subsea once again. Our collaboration for the interconnection cable of “Agios Georgios wind farm” to the main grid, the first of its kind in Greece, was a very fruitful one and we expect that this new project will be nothing less. The excellent teamwork between our companies as well as the expertise of our teams set the foundations for yet another successful 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. Since 2012, Hellenic Cables has implemented a EUR 250 million-investment plan for the production of high and extra high-voltage submarine cables at Corinth plant. Hellenic Cables represents the cable production segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com.

Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Corinth Pipeworks is a world leader in steel pipe manufacturing for the oil and gas sector and major producer of steel hollow sections for the construction sector. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for the aforementioned sectors. For more information about our company, please visit our website at www.cenergyholdings.com.