LS GreenLink USA, Inc will invest $681 million for a state-of-the-art 750,000-sq.-ft. high-voltage direct current submarine cable manufacturing facility in Chesapeake.
The purpose of the facility is serve the global wind industry. It's estimated that facility will be built on apporixmately 100 acres of brownfield and create 330 full-time jobs, according to the commonwealth of Virginia.
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“LS GreenLink’s investment in Virginia will showcase the Commonwealth as a leader in offshore wind industry manufacturing,” said Governor Glenn Youngkin in a press release. “LS GreenLink has recognized that Virginia has the skilled talent, world-class logistics location, and business environment that will allow it to serve its growing global customers for submarine power cables.”
The company makes high-voltage undersea cables, which Governor Youngkin says will be pivotal in Virginia's offshore wind energy manufacturing.
Watch: Virginia Beach tech company announces expansion bringing hundreds of jobs to area
Virginia Beach Tech company announces expansion bringing hundreds of jobs to area
The Virginia Economic Development worked with the City of Chesapeake, the Hampton Roads Alliance, and the Virginia Maritime Association to secure the project for Virginia.
Mayor Rick West says this will be Chesapeake's largest development opportunity in history, and that the facility will become the tallest building in the commonwealth once it's built.
Construction is expected to start in early 2025 and it's expected to be up and running in early 2028.
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