Italian company, Prysmian Group, has canceled plans to build an undersea cable factory for the offshore wind industry on the site of the former Brayton Point Power Plant in Somerset, Massachusetts. The factory would have created at least 150 manufacturing jobs and provided significant economic relief to Somerset, which lost half its property tax revenue when the power plant closed in 2017. While Prysmian officially stated it was “aligning manufacturing capacity with changing market demands,” local Congressman Jake Auchincloss attributes the cancellation to President Trump’s day-one executive order banning future leases of federal waters to offshore wind developers. More information can be found here.
