LS GreenLink Acquires 96.6-Acre Chesapeake Site for Manufacturing Hub
LS GreenLink USA, Inc., a subsidiary of LS Cable & System Ltd., has successfully acquired a 96.6-acre property in Chesapeake, Virginia, marking a significant milestone in its efforts to establish a major manufacturing facility in the U.S. The acquisition, which was finalized on March 25, 2025, follows the contract agreement made in November 2023. The property was purchased from International Bio-Energy Virginia Real Estate, LLC and is central to LS GreenLink’s plans to develop the largest submarine power cable manufacturing plant in the United States.
This acquisition reinforces LS GreenLink’s strategy to build a state-of-the-art facility that will support key infrastructure projects, particularly in the growing renewable energy sector. The Chesapeake facility, expected to be operational by 2028, will be a critical site for the production of high-voltage direct current (HVDC) submarine power cables. These cables are vital for connecting offshore wind farms to the grid, boosting the resilience and capacity of the nation’s power transmission network.
Patrick Y. Shim, Managing Director of LS GreenLink, emphasized the importance of this acquisition, stating, “This site acquisition is a pivotal step in advancing our mission to enhance global energy infrastructure. The new facility will play a crucial role in producing power cables for numerous critical applications worldwide.”
The first phase of the Chesapeake development will involve an investment of more than $681 million. Construction is set to begin in April 2025, with the project scheduled to be completed by the third quarter of 2027. The facility will feature a 750,000-square-foot manufacturing space and a 660-foot VCV tower, which will be the tallest structure in Virginia once completed. Initially, LS GreenLink plans to develop half of the 96.6-acre site, leaving space for further expansion in future phases.
In this transaction, International Bio-Energy Virginia Real Estate, LLC was advised by Woods Rogers Vandeventer Black PLC and Jones Lang Lasalle Inc., while LS C&S and LS GreenLink received legal counsel from K&L Gates LLP. Akin Gump Strauss Hauer & Feld LLP, Hunton Andrews Kurth LLP, and Williams Mullen also provided support, alongside Evergreen Location Strategies LLC, S.L. Nusbaum Realty Co., and Belcon Advisors.
Once fully operational, the facility will be a cornerstone in LS GreenLink’s efforts to support the development of clean energy infrastructure in the United States. The company’s investment in Chesapeake aligns with broader industry trends focused on enhancing renewable energy capacity and infrastructure, including offshore wind energy, a rapidly expanding sector in the U.S.
The plant is expected to create hundreds of jobs, supporting both the local economy and national energy goals. The focus on HVDC submarine cables aligns with the growing demand for robust transmission solutions needed to carry renewable energy from offshore sources to land-based grids. This facility will not only be a key component in meeting these energy needs but also a significant player in the global supply chain for energy infrastructure.
The project also highlights LS GreenLink’s commitment to innovation in the cable manufacturing industry. As the demand for renewable energy infrastructure intensifies globally, the company is poised to provide essential components for energy projects that contribute to a cleaner, more sustainable future.
This strategic expansion into Virginia further solidifies LS GreenLink’s position as a leader in the manufacturing of power cables. By investing in advanced manufacturing technologies and expanding its footprint in the U.S., LS GreenLink is positioning itself to meet the growing demand for renewable energy solutions, particularly in the offshore wind sector.
In summary, LS GreenLink’s acquisition of the Chesapeake site represents a significant leap toward the realization of its ambitious plans to build the largest submarine power cable manufacturing facility in the United States. With construction set to begin in 2025 and operations expected to start in 2028, this project is poised to play a vital role in advancing both local and global energy infrastructure.
