Hellenic Cables reports that it has finalized individual contracts with Ørsted and Eversource for two offshore wind projects in the U.S., but the last sentence in its press release was of even greater interest: “Finally, following previous announcements, Hellenic Cables and Ørsted continue their discussions concerning a possible partnership for the construction of a submarine cables factory in Maryland, USA.”
There was no further detail about that possibility, but the preceding two sentences set the basis for what the company sees in terms of potential. “Hellenic Cables reaffirms its leading role in the development of infrastructure critical to the energy transition in the U.S. and globally. Hellenic Cables’ track record in the United States offshore wind sector includes Mayflower Wind in Massachusetts and Dominion’s Coastal Virginia Offshore Wind, both for the supply of 66 kV array cables.”
Continuing the reverse presentation of the press release, in it, Alexis Alexiou, CEO of Hellenic Cables and parent company Cenergy Holdings SA observed, “This long-term partnership with Ørsted and Eversource is proof of Hellenic Cables’ commitment to the U.S. offshore wind industry as a core part of our business and our strategy for the future. We are proud to work with industry leaders on flagship projects that are transformational for the nation’s energy sector as a whole.”
The U.S. subsea cable market has been bolstered by the outlook for more coastal wind farm projects. Last year, the Prysmian Group announced plans to build a submarine cable plant in Brayton Point, Massachusetts. In 2021, Nexans re-launched a high-voltage cable plant in Charleston, South Carolina, and converted to produce subsea cable.
Returning to the titular reason for the press release, Hellenic Cables announced that it will design, manufacture, test and supply approximately 260 km of 66 kV XLPE-insulated subsea inter-array cables and associated accessories for South Fork Wind and Revolution Wind in the Northeast U.S. Production will be phased through 2024 according to each individual project’s delivery plan.
Hellenic Cables notes that it is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables for various industriesThrough its subsidiary, Fulgor, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where it makes some of the world’s longest submarine cables without factory joints.