Offshore wind market changes direction, costing Somerset a $300M deal. What's to blame?
The market for offshore wind is changing direction, and it's not blowing Somerset's way. How did its $300M Prysmian deal fall ...
Somerset leaders say loss of Brayton Point project will have huge financial impact on town
Last week the Prysmian Group dropped a $300 million redevelopment project that was set to be built on Brayton Point Road in ...
‘It’s a big blow’: Planned offshore wind manufacturing plant that earned Somerset a visit from Biden is canceled
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 ...
WBUR4d
Prysmian abandons plans for offshore wind cable factory in Somerset
The proposed offshore wind cable factory would have created between 200 and 350 manufacturing jobs at the site of an old coal ...
Recharge4d
Prysmian says exit from US offshore wind cable plant plan not linked to Trump
Italian firm sees strong market potential from other segments under Trump on surging power demand but will focus at-sea ...
The Herald News2d
Offshore wind market changes direction, costing Somerset a $300M deal. What's to blame?
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 ...
Cable manufacturing company cancels plans for Somerset plant
SOMERSET, Mass. (WPRI) — After years of getting all the necessary permits, Prysmian Group decided to no longer move forward with its new cable manufacturing plant at Brayton Point in Somerset, ...
Boston.com3d
‘It’s a big blow’: Planned offshore wind manufacturing plant that earned Somerset a visit from Biden is canceled
In 2022, the Italy-based Prysmian Group agreed to acquire 47 acres of Brayton Point in Somerset from St. Louis-based Commercial Development Company. Prysmian was planning to build a $250 million ...