Fulgor, a subsidiary firm of Hellenic Cables, has signed an agreement worth 36.4 million euros with renewable energy sources company Terna Energy to interconnect, by underwater cable, a 73.2 MW wind-energy park on an islet southeast of Athens with the mainland.

The underwater cable interconnection, a high-voltage 150 KV line to link Terna Energy’s wind park, on the islet of Agios Georgios, close to Sounio, southeast of Athens, with the mainland at nearby Lavrio, will cover a 37.4 kilometer distance, reaching water depths of as much as 230 meters.

The project is scheduled to be completed within the current year. Terna’s total investment for the wind park, worth 150 million euros, promises to offer multiple benefits for the country’s energy sector and environment, the company noted in a statement.

The facility’s production capacity will be able to cover the annual energy needs of more than 40,000 households, while the project will save over 60,000 tons of fuel consumption and 180,000 tons of emissions, annually, Terna noted.

Hellenic Cables subsidiary firm Fulgor, which operates a highy advanced production facility in the Corinth region, west of Athens, has produced over 950 kilometers of underwater cables, as well as over 2,200 kilometers of underwater fibre optics.