'Opportunity could be a threat if we don't speed up investment as offshore wind market grows'

The world’s power transmission infrastructure is in the midst of a historic expansion, with the International Energy Agency calculating in a recent report that investment will need to to reach $820bn a year by 2030 – up from about $260bn in 2020 – if net-zero is to be reached globally by mid-century.

For Italian cabling giant Prysmian this industrial growth is reflected in its core offshore wind and interconnector markets, which together have seen as better than 50% uptick in the past year alone and are forecast to continue to boom for the foreseeable future.