Jan De Nul Group has signed a contract that will see it study and possibly undertake construction of an undersea export cable between Egypt and Europe.
The group has agreed to study the financial and technical conditions needed for building an 1000km long interconnector with works beginning in 2027.
The contractor will study project financing, renewable power production, cable production and cable installation.
The project’s work scope also includes finding partners to connect the project to Europe’s existing power networks.
The proposed interconnector would be able to transport more than 2GW of solar and wind power from Egypt to Europe.
Jan De Nul Offshore Energy director Philippe Hutse said: “We are extremely happy with the conclusion of this agreement. Egypt recognises our expertise to install ever longer export cables on and in the seabed.
“We recently ordered a new next-generation cable installation vessel, the Fleeming Jenkin, which is twice the size of any existing cable-laying vessel in the world. We are building this ship for exactly this type of project: long distances, great depths.