LS GreenLink Acquires Strategic 96.6-Acre Site in Chesapeake, Virginia, for a State-of-the-Art Manufacturing Hub

CHESAPEAKE, Va.--(BUSINESS WIRE)--Mar 31, 2025--

LS GreenLink USA, Inc. (“LS GreenLink”), a wholly-owned subsidiary of LS Cable & System Ltd. (“LS C&S”), has finalized the acquisition of a 96.6-acre site in Chesapeake, Virginia. The site went under contract in November 2023, with the acquisition closing on March 25, 2025. The property, purchased from International Bio-Energy Virginia Real Estate, LLC, represents a key milestone in LS GreenLink’s plan to establish the largest submarine power cable manufacturing facility in the United States.

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This strategic real estate acquisition highlights LS GreenLink’s commitment to establishing 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 key site for producing high-voltage direct current (HVDC) submarine power cables, essential for connecting offshore wind farms and enhancing the resilience and capacity of power transmission networks.

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.

International Bio-Energy Virginia Real Estate, LLC was advised by Woods Rogers Vandeventer Black PLC and Jones Lang Lasalle Inc.

LS C&S and LS GreenLink were advised by K&L Gates LLP on the transaction. Akin Gump Strauss Hauer & Feld LLP, Hunton Andrews Kurth LLP, and Williams Mullen assisted on the transaction, along with Evergreen Location Strategies LLC, S.L. Nusbaum Realty Co., and Belcon Advisors.

About LS Cable & System Ltd.:
Founded in 1962, LS Cable & System Ltd. (“LS C&S”) is a global leader in power and communication cables and systems. With over 6,500 employees and 35 subsidiaries in 17 countries, LS C&S continues to drive innovation in energy transmission and distribution. For more information, visit www.lscns.com.

96.6-acre site formerly known as The Chesapeake Deep Water Terminal in Chesapeake, Virginia

SANTA FE, N.M. (AP) — The growing ranks of New Mexico voters with no party affiliation will be allowed to vote in primary elections without changing their nonpartisan status, under a bill signed into law Monday by Democratic Gov. Michelle Lujan Grisham.

The change runs counter recent outcomes of election reform efforts in many other states. Last year, voters in a mixture of politically red, blue and purple states rejected state ballot initiatives to ditch traditional partisan primaries or adopt ranked choice voting.

New Mexico's shift to partially open primaries takes effect in time for the 2026 cycle, when parties nominate candidates for three congressional seats, one U.S. Senate seat and a long list of statewide offices, including governor as Lujan Grisham terms out of office. Seats in Democrat-led state House also will be up for election.

Statewide, about 23% of registered voters forgo partisan affiliation and previously were locked out the primary nomination process if unwilling to join a major party. The changes still prohibits crossover voting by members of opposing parties.

Last year, voters in Arizona, Colorado, Idaho, Missouri, Montana, Nevada, Oregon and South Dakota all rejected either ranked choice voting, open primaries or a combination of both.

Lujan Grisham voiced support for the shift toward open primaries at the close of a 60-day legislative session that left her openly frustrated with public safety initiatives and efforts to improve public education.

“I think the work to have open primaries is a step in the right direction for New Mexico, where we seem to not be able to govern, in a way," she said.

The bill from Democratic sponsors, including state Senate Majority Leader Peter Wirth of Santa Fe, was opposed by the state Republican Party as a potential “stepping stone” to fully open primaries or ranked choice voting.

The share of unaffiliated voters in New Mexico has swelled from 15% of registrations in 2004 to 23% this year.

Among New Mexico’s 33 counties, unaffiliated voters outnumber registered Democrats in Otero and Curry counties and outnumber Republicans in Los Alamos and Doña Ana counties.

Democrats hold majorities in both chambers of the state Legislature, control every statewide elected office and all three of New Mexico's congressional seats. Trump lost the state three times, while narrowing his margin of defeat in 2024.

FILE - Santa Fe County, N.M., residents fill out general election ballots during the first day of general election voting, Oct. 11, 2022, in a hallway outside the Santa Fe County Clerk's Office in Santa Fe, N.M. (AP Photo/Morgan Lee, File)

FILE - New Mexico Gov. Michelle Lujan Grisham waves during the Democratic National Convention, Aug. 20, 2024, in Chicago. (AP Photo/Charles Rex Arbogast, File)