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Ørsted and Eversource invest in US supply chain

By: James Bernthal-Hooker 10/11/2021 Ørsted

Cables General Windfarms

Development partners Ørsted and Eversource have announced an investment to expand cable supplier Nexans’ subsea transmission cable facility in South Carolina, in the United States.

Enabled by the partners’ investments, Nexans is pursuing a $220 million expansion of its facility, which Ørsted reports will create more than 160 new clean energy jobs. At the South Carolina facility, Nexans will build subsea cables for Ørsted’s and Eversource’s US projects and for the international offshore wind market.

“We’re focused on building a domestic supply chain from the ground up, bringing jobs and investment to communities all across the country,” said David Hardy, CEO of Ørsted Offshore North America. “Our partnership with Nexans is just the latest example of our commitment to building a new U.S. manufacturing industry. We’re partnering with US companies to build new capabilities and helping to attract international companies to the US to help meet America’s clean energy goals.”

Ørsted and Eversource entered into a framework agreement with Nexans back in 2019. At that time, they committed to purchase cables for their north-east US offshore wind farms. 620 miles of Nexans’ subsea cables are expected to be delivered from 2022.

The development partners are giants in the US. They first teamed up in December 2016, aiming “to launch a new clean energy industry in the Northeast” and now have an impressive portfolio of US projects at various stages.

Earlier this year, they announced the commencement of the first American-built offshore wind substation, part of the South Fork offshore wind farm, which 4C Offshore estimates is next in line for federal approval. The companies also recently announced plans to create 230 local jobs at the Port of Coeymans, New York, building advanced foundation components for their Sunrise Wind offshore wind farm.

Joe Nolan, President and CEO of Eversource Energy, said the current investment “is helping grow the domestic offshore wind supply chain, creating new clean energy jobs right here at home”. He added that “American-made cables will benefit our projects by ensuring efficient energy transmission to the communities we’ll serve, as we deliver enough clean, renewable energy to power more than 1 million US homes with plans to double that amount.”

As a market, the US is taking off with bullish speed. At the start of this year, President Biden announced the country’s first federal offshore wind target: 30 GW by 2030.

For more information on offshore wind farms worldwide, click here.

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Ørsted and Eversource invest in US supply chain

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