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Prysmian SpA (AEU.SG)

Stuttgart - Stuttgart Delayed Price. Currency in EUR
33.20-0.15 (-0.45%)
At close: 03:43PM CET
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  • Reuters

    Italy's Prysmian to invest 200 mln euros to build U.S. submarine cable plant

    Italy's Prysmian plans to invest around 200 million euros ($226 million) to build a plant in the U.S. to produce submarine power transmission cables, CEO Valerio Battista said to the media in remarks confirmed by a company spokesman. The plant, to be built in Brayton Point, Massachusetts, is part of two contracts worth a total of almost $900 million that the world's largest cable maker has won in the Unites States on two offshore wind farm projects. Battista said the company would officially proceed with the plan after it completes "a due diligence on permits and feasibility" for the plant in mid-January.

  • Reuters

    Prysmian wins $900 million of U.S. wind farm contracts

    Prysmian has won two contracts worth a total of almost $900 million for work on two U.S. offshore wind farm projects, the Italian cable manufacturer said. Both projects, which are subject to the finalisation of Prysmian's plans to build new production capacity in the United States, were awarded by Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP). Under the $580 million Commonwealth Wind project, Prysmian will install submarine power cable links connecting the Commonwealth wind farm to the electricity grid in Massachusetts, delivering 1,200 megawatts (MW) of offshore wind farm capacity.

  • Reuters

    Prysmian wins $900 mln of U.S. wind farm contracts

    Prysmian has won two contracts worth a total of almost $900 million for work on two U.S. offshore wind farm projects, the Italian cable manufacturer said. Both projects, which are subject to the finalisation of Prysmian's plans to build new production capacity in the United States, were awarded by Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP). Under the $580 million Commonwealth Wind project, Prysmian will install submarine power cable links connecting the Commonwealth wind farm to the electricity grid in Massachusetts, delivering 1,200 megawatts (MW) of offshore wind farm capacity.

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