Prysmian pulls out of plan for U.S. subsea cable plant as new president takes office
Clean Energy Investment Faces Political Headwinds The Prysmian Group has ended plans to build a subsea power cable factory at Brayton Point in Somerset, Massachusetts. The $300 million project would have produced high-voltage cables to support the growing offshore wind industry in the United States. Local reports revealed that Prysmian announced the decision just two days before Donald Trump took office in January 2017. The company […]