Additional Offshore Wind Investment Coming to Virginia with Announcement of New $681 Million Submarine Cable Facility
Image source: LS Greenlink USA
For Immediate Release: July 9, 2024
Media Contact: Julia Pendleton, juliap@sewind.org, 804-420-0922
Richmond, VA – Virginia is continuing its path to becoming a hub for the global offshore wind supply chain with today’s announcement of a new manufacturing facility coming to the Commonwealth. LS GreenLink USA, Inc., a wholly-owned subsidiary of LS Cable & System, will invest $681 million to build a high-voltage direct current (HVDC) submarine cable manufacturing facility in the City of Chesapeake. This investment is set to create over 330 full-time jobs, bolstering the local economy and reinforcing Virginia’s position as a leader in the offshore wind industry.
“Today’s announcement is more proof that Virginia is succeeding in capturing the real-world benefits of the offshore wind industry,” said Managing Director of the Southeastern Wind Coalition, Julia Pendleton. “Building a robust domestic supply chain is essential to the growth of the U.S. offshore wind industry. We’re excited to see Virginian communities continuing to benefit from the economic opportunities this new industry brings.”
A critical piece of equipment for offshore wind projects, HVDC cables are used to transport the energy generated by wind turbines to substations both onshore and offshore. LS Cable & System, Ltd. (LS C&S) is a global leader in power and communication cable and system solutions. LS C&S is a subsidiary of LS Corp., a global industrial conglomerate headquartered in South Korea.
About SEWC
The Southeastern Wind Coalition is a 501(c)3 that works to advance the land-based and offshore wind industry in the Southeast. We focus on providing fact-based information on the economic and environmental opportunities of wind energy, and encourage solutions that result in net economic benefits to residents and ratepayers. For more information about the Southeastern Wind Coalition, visit www.sewind.org.
