Italy's Prysmian is abandoning a project in Brayton Point, Massachusetts, related to the construction of a plant to produce cables for offshore wind farms. The company itself announced this to local stakeholders in recent days. “We are constantly evaluating market opportunities to align capacity with demand,” the company explained, "and in light of these considerations and the significant growth opportunities in the U.S. and global cable market, we have decided not to proceed with the purchase of the land in Somerset and not to pursue the Brayton Point project. The U.S. market is booming in electrification and power grid, largely driven by the needs of new data centers (a trend that Prysmian is also presiding over with its recent acquisition of U.S. operator Encore Wire) and in the future probably also by possible reshoring; offshore wind, on the other hand, sources close to the company confirm, is not considered a promising market at this time. Just Monday, new President Donald Trump suspended new offshore wind leases pending environmental and economic review, saying wind turbines are ugly, expensive and harm wildlife. Prysmian had announced plans to build the Brayton Point plant in 2021, saying it would invest about €200 million ($207 million) in the project.