Prysmian Group to build $200M submarine cable plant in Brayton Point, Massachusetts

Prysmian Group signed a contract to purchase the Brayton Point site in Massachusetts for a new submarine power cable plant, with a total investment of about $200 million. The project also includes confirmation of cable awards for Commonwealth Wind and Park Wind City offshore wind projects worth approximately $900 million.

“Prysmian Group’s total investment to build the new plant will be around $200 million.”na.prysmian.com

• 2 sources
• na.prysmian.comPrysmian Group: New Cable Plant in the U.S.A | PrysmianFeb 17, 2022
• bostonglobe.comFrom coal to wind. Site of old South Coast power plant to become key spot for offshore wind industry - The Boston GlobeJon ChestoFeb 17, 2022

Summarized from public sources; check the original articles before acting on it.