Italian cablemaker Prysmian has actually shifted around management in Brazil and Latin America as it prepares local plants to enhance supply to the electrical power sector and future overseas wind farms in the area, the business informed Reuters.

Raul Gil Boronat, who led Prysmian in Brazil, took over as CEO for Latin America previously this year. He was changed in the nation by Emerson Tonon, who formerly was vice president of operations for the region.

The swap comes as Prysmian bets on fresh demand for the energy sector in the Latin American market, with increased requirement for cables for generation, transmission and distribution and with the development of the first offshore wind tasks in Brazil, which count on submarine cables to deliver energy.

Everyone is talking about overseas wind in Brazil, the message we have for the market is that the supply chain for cable televisions will be all set, Boronat told Reuters.

The business has actually been buying its industrial plants in Espirito Santo state to increase production of cable televisions for offshore wind farms.

Half of Prysmian's yearly capex for Brazil will be utilized to prepare its plants, according to Tonon.

It's around $5 million a year of investment to increase capacity at (2) plants, he said.

Recently, Brazil has made a push towards overseas wind farms as an alternative for producing renewable resource.

According to environment defense firm Ibama, nearly 100 projects for wind farms off the Brazilian coast have actually obtained ecological licenses, amounting to 234 gigawatts (GW) of projected set up capability.

The country, however, is still lacking a regulative structure for the segment, which slows the progress of tasks.

We would like a little bit more speed and agility in the concessions, in the auctions, Boronat stated.