(Finance) – ICOPan underground engineering company listed on Euronext Growth Milan and among the main European operators in the microtunneling and special foundations sector, has been awarded a TenneT TSO order, worth 30 million eurosfor the construction of a 380 kV transmission line approximately 155 km long between Stade and Landesbergen (Germany), which will replace the current 220 kV line.
The saleswoman, to be achieved by 2026allows the company to enter a new market, expand its microtunnel applications in a rapidly growing sector and consolidate its presence in Germany.
“This order represents a key step for ICOP – declared theCEO Piero Petrucco – We have identified some strategic priorities for the Group’s growth beyond 2026, including the exploration of new applications of trenchless technologies to meet the high demands of the high voltage grid sector. The award of this project in Germany allows us to enter a market that is new to us, paving the way for a future of great opportunities in a sector that will require significant investments in the long term, not only in Germany.”
The project assigned to ICOP is part of a TenneT’s broader strategic planwhich involves significant investments to strengthen the energy distribution network between the northern regions, where wind energy production is concentrated, and the southern regions.