The market for offshore wind is changing direction, and it's not blowing Somerset's way. How did its $300M Prysmian deal fall ...

Somerset was set to earn up to $14 million a year in tax revenue from the canceled plant, which would've brought 250 jobs to ...

The proposed offshore wind cable factory would have created between 200 and 350 manufacturing jobs at the site of an old coal ...

The plant would make electrical cables to connect the windmills to the town’s grid infrastructure, which had connected to New ...

SOMERSET — Prysmian Group announced Friday it has decided to abandon its plans to locate a manufacturing plant in Somerset, where it would have built undersea cables for wind farms ...

Last week the Prysmian Group dropped a $300 million redevelopment project that was set to be built on Brayton Point Road in Somerset.

A $300 million offshore wind cable plant development project in Somerset that President Biden visited in July 2022, ushering in the country’s transition to clean energy, is off the table after its ...

Prysmian has cancelled plans to build a subsea cable factory at Brayton Point in Somerset, Massachusetts, which was intended to support the US offshore wind market. The company cited the need to align ...

Over the last year, PRYSMIAN Group share price has been traded in a range of 32.42, hitting a high of 72.76, and a low of 40.34. It is classified as being part of the Electrical Components ...

The global power cable manufacturer announced the plans for the manufacturing facility for subsea transmission cables in 2021 ...

SOMERSET — The loss of a $300 million Prysmian Group undersea cable factory last week signaled a reverse in the development of Brayton Point Commerce Center, coming as a shock to residents’ ex ...

This story has been updated to add more information. SOMERSET — Prysmian Group announced Friday it has decided to abandon its plans to locate a manufacturing plant in Somerset, where it would ...