The agreement gives the Pune-based consultancy access to a patented recycling process designed to recover high-value materials from discarded photovoltaic modules while minimizing environmental impact.

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The delay reflects ongoing efforts to secure a small remaining share of project funding rather than a change in strategy.

Brussels framed the initiative as both an environmental and industrial response, arguing that more efficient plastics recycling can strengthen the Single Market, improve economic security and reduce dependence on imported raw materials.

Under the partnership, Prysmian will collect plastic scrap from its manufacturing operations as well as from decommissioned cables returned by large customers.

The planned facility in Clarksville would require about $6.6 billion in capital expenditures, with total investment reaching $7.4 billion including working capital and financing costs.