Cable and power transmission firm Prysmian Group signed a $952 million agreement with Clean Path New York to provide submarine and land power cable systems for the New York HVDC transmission infrastructure project.
The project aims to increase the Empire State’s solar power capacity by 60% and double installed wind power capacity while adding 1,300 MW of transmission to the grid.
According to the project’s website, Clean Path New York is a renewable energy and transmission project valued at about an $11 billion and consisting of 3,800 MW of wind and solar power from more than 20 new wind and solar farms combined with a 175-mile, underground and submarine transmission link.
The project aims to have its permits and approvals completed by 2024, with construction beginning that year and operations beginning in 2027, according to the project’s website.
These assets will enable the delivery of more than 7.5 million MWh of carbon free energy every year—completely generated within New York State. Clean Path New York is a public-private collaboration between project supplier Invenergy, energyRe, and the New York Power Authority (NYPA).
Under the terms of the agreement, Prysmian Group will be responsible for the design, manufacture, construction, installation, and commissioning of Clean Path New York’s HVDC 400 KV single core cable system with cross-linked polyethelene (XLPE) insulation, conditional upon Clean Path New York issuing its notice to proceed in Spring 2024.