Prysmian has received a Letter of Award for an energy transmission project that calls for it to supply the cable to connect the island Mallorca with the Spanish mainland, a project valued at more than €500 million.

A press release said that Prysmian and Red Eléctrica, the transmission system operator of the Spanish electricity system, will hold an exclusive negotiation of the contract, with the signing expected by the end of 2024. Prysmian will be responsible for the design, installation, testing and commissioning of two HVDC 250 kV MI single-core cables, as well as fiber optic cable for telecom and monitoring purposes that will connect the island of Mallorca with the Spanish mainland power grid, covering both the submarine and land section. The project will reinforce the quality and security of the Balearic Islands’ electricity supply.

“Prysmian has strengthened its leading role in development interconnections thanks to the second Baleares Peninsula project, as we continue to enable increasingly efficient and sustainable power transmission grids in the Mediterranean area,” said Hakan Ozmen, EVP Transmission at Prysmian. The project will use the same consolidated MI cable technology previously deployed in the Peninsula Baleares 1 installation, he said.

In recent years, Prysmian’s long relationship with Red Electrica has seen the company being awarded projects such as the Ibiza-Formentera, Lanzarote-Fuerteventura, Tenerife –La Gomera and Ceuta-Peninsula connections.