Prysmian Group Pikkala Finland Plant Expansion Supports Global Energy Transition
Prysmian Group plans to invest €120 million in its Pikkala, Finland facility, which produces high-tech cables for global power transmission, interconnections, and offshore wind projects. The Prysmian Group Pikkala Finland plant expansion reinforces the company’s leadership in supporting renewable energy growth and the global energy transition.
Major Investment Strengthens Production Capabilities
This latest investment adds to the €100 million that Prysmian allocated to the plant in 2022. With the new funding, the company will expand production capacity for its 525 kV HVDC submarine cable systems. These advanced systems will help meet rising global demand for power grid upgrades tied to renewable energy projects.
The plan also includes the addition of new Vertical Continuous Vulcanization (VCV) lines, which will more than double the plant’s current output of 525 kV extruded submarine cables and 400 kV AC cables by 2026.
Enabling Grid Expansion for the Energy Transition
According to Massimo Battaini, COO of Prysmian Group, this investment forms part of the company’s annual €500 million capital expenditure plan supporting energy transition, electrification, and digitalization. Battaini highlighted that Prysmian’s strong financial position enables the company to sustain this level of global expansion and technological innovation.
Industry forecasts show strong momentum: the global power transmission cable market is expected to grow from €8 billion in 2022 to €15 billion by 2030. This growth underscores the importance of advanced power infrastructure in achieving carbon reduction goals.
Strategic Global Cable Manufacturing Network
Hakan Ozmen, EVP Projects BU, stated that Prysmian’s global strategy now centers around three major power transmission hubs:
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Northern Europe, anchored by the Pikkala expansion in Finland.
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The Mediterranean, driven by over €100 million invested in the Arco Felice, Italy plant.
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North America, supported by a completely new submarine cable facility in Massachusetts, USA.
These hubs will allow Prysmian to serve the growing offshore wind and interconnection markets while advancing its climate objectives.
Pikkala: A Net-Zero Flagship Facility
Ferdinando Quartuccio, CEO of Prysmian Group Finland, described Pikkala as the company’s flagship plant for the energy transition. Running entirely on green energy, it stands as the first cable manufacturing plant in the world to achieve net-zero status.
By expanding this facility’s capabilities, Prysmian continues to pioneer sustainable innovation and global electrification.
For more details, visit Prysmian Group’s global site.
