Prysmian announces €1 billion investment by 2024

Wind Industry Profile of

CEO V. Battista “Power grid interconnections play a key role in the EU’s energy transition and autonomy. As a global industry leader, we plan to invest about €1 bn by 2024” / The new cable-laying vessel Leonardo da Vinci will allow to speed up projects execution / New submarine cable factory in the US and production capacity expansion at the Italian, Finnish and French plants

Prysmian Group, world leader in the energy and telecom cable systems industry, is keeping pace with executing its investment plan of about €1 billion by 2024, mainly targeted at developing businesses that support the energy transition.  “Development of the trans-European power grid plays a strategic role in decarbonisation and in the transition to renewable sources, as well as in... ... More: Official Press Release Prysmian Group

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Prysmian, utilities, Europe, Submarine Cable Day, Italy, Naples, vessel, Leonardo Da Vinci, investment, cables, marine, offshore, wind, USA, production capacity, expansion