39 CHALLENGES AND OPPORTUNITIES POSED BY THE ENERGY TRANSITIONAND DIGITALISATION INSIGHT | Quarterly Overview Network infrastructures for power transmission and distribution and broadband and ultrabroadband telecommunications play an essential role in the global decarbonisation process. The Green Deal in Europe and President Biden’s Plan in the USA represent a strategic growth opportunity for PrysmianGroup, with cable and optical fibre technologies able to satisfy the need for upgrading and developing network infrastructures. Forecasts call for significant growth in the demand for power transmission cables and systems, until reaching an average of over €7 billion projects a year in the 2020-2030 period, compared to an average of about €2.4 billion in the 2015-2019 period. In order to face the major technological and industrial challenges ahead and grasp the related opportunities, the Group is planning important investments (CAPEX) of up to €350 million on average a year from 2021 to 2025, to include building a new submarine cable plant in the USA. Technology innovation, supported by R&D costs of over €100 million a year, is a distinctive strength of Prysmian, which is committed to developing environmentally sustainable cable systems with higher transmission capacity and able to cover record distances and sea depths.
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