Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 6 August 2021, following a favourable Environmental Impact Statement for the Ibiza–Formentera electricity interconnection, Red Eléctrica signed a contract with Prysmian Group to design, manufacture and install the two 132 kV cable circuits forming the new subsea link between the islands. The award, part of a project with a total budget of about €95.8–96 million, covers submarine and land cables and will enable Formentera’s electricity demand to be reliably supplied via the new interconnection.