06/01/2023

Prysmian Group to launch power transmission cable technology hub in Finland

The investment is aimed at further increasing the production capacity of the 525 kV HVDC submarine cable systems, supporting the growing market demand driven by the need to develop and upgrade power transmission grids for the energy transition.

Official Press Release Prysmian Group:

Prysmian Group to create a power transmission cable technology hub in Finland supporting the grid upgrade for the global energy transition

Wind Industry Profile of

New €120 mn investment in the Pikkala plant, in addition to the €100 mn already provided in 2022 / The investment will allow the production of 525 kV HVDC submarine cables, creating new job opportunities and minimising environmental impact

Prysmian Group, world leader in the energy and telecom cable systems industry, is launching a new investment of around €120 million in its strategic plant in Pikkala, Finland. The investment — in addition to the €100 million already provided in 2022 — is aimed at further increasing the production capacity of the 525 kV HVDC submarine cable systems, supporting the growing market demand driven by the need to develop and upgrade power transmission grids for the energy transition. The global power transmission cable market... ... More: Official Press Release Prysmian Group