CDC, which purchased and redeveloped the site of the former coal-fired power plant, said that “the economic impact of Brayton Point’s transition to a renewable energy development will surpass the loss incurred by the closure of the coal-fired power plant”.

After signing the agreement with CDC, Prysmian continued working on the plan to bring the cable manufacturing facility to realisation, securing the necessary authorisations and permits, one of which was challenged in court last year , according to local media.