A rendering of LS GreenLink’s new Chesapeake facility (Credit: LS GreenLink)
LS GreenLink, a wholly-owned subsidiary of LS Cable & System, has finalized the acquisition of a 96.6-acre site in Chesapeake, Virginia, marking a key milestone in the company’s plan to establish the “largest submarine power cable manufacturing facility” in the United States.
The real estate acquisition is part of LS GreenLink’s plan to establish a “state-of-the-art manufacturing hub” to support critical infrastructure projects.
The Chesapeake facility, expected to be fully operational by 2028, will serve as a site for producing high-voltage direct current (HVDC) submarine power cables for connecting offshore wind farms and enhancing the resilience and capacity of power transmission networks.
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Patrick Y. Shim, managing director of LS GreenLink, stated: “The acquisition of this site marks a pivotal milestone in the development of our new facility, which will play a key role in advancing global energy infrastructure. This facility will be critical in the production of essential power cables for a range of applications worldwide.”
LS GreenLink’s first phase of development, expected to involve over $681 million in capital investment for the new manufacturing facility in Chesapeake, Virginia, is set to break ground in April 2025.
The project is anticipated to complete construction by the third quarter of 2027 and become fully operational by the first quarter of 2028.
The facility will include a 750,000-square-foot manufacturing area and a 660-foot VCV tower, which is expected to be the tallest structure in the Commonwealth of Virginia. Initially, LS GreenLink will develop approximately half of the site, reserving the remainder for future phases of development.
Originally published by Sean Wolfe on Factor This
