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2 companies plan to develop a submarine cable manufacturing plant in New Jersey Featured

5/4/2022 -

Rise Light & Power (Rise) and Delaware River Partners LLC (DRP) announced that they plan to work together to develop a submarine cable manufacturing facility in New Jersey “to attract an offshore cable manufacturer that would ultimately construct and operate the facility.”

A press release said that as part of its Outerbridge Renewable Connector project, “Rise is preparing to invest millions to develop a shovel-ready site for a submarine cable manufacturing facility at DRP-owned Repauno Port & Rail Terminal in Greenwich Township.” The proposed submarine cable manufacturing facility will have a footprint of approximately 30 acres, along with dock access. Upon approval of the Outerbridge Renewable Connector project, pending BPU, Rise and DRP will commence development and permitting work to make the site shovel-ready. The two companies will develop the site to be shovel-ready and collaborate to attract manufacturers for two types of subsea cables required for offshore wind farms. First are inter-array cables that connect turbines within the offshore wind farm to an offshore substation, and the second are export cables that connect the offshore substation to the onshore grid.

“This opportunity will bolster New Jersey’s leadership in offshore wind with a major investment to create good-paying jobs and become a national supply chain leader,” says Clint Plummer, CEO of Rise Light & Power. “The Outerbridge Renewable Connector will revitalize and repurpose infrastructure to meet New Jersey’s bold clean energy goals. We are excited about this partnership with Delaware River Partners.”

“We are proud to enter into a partnership with Rise Light & Power to develop New Jersey’s first submarine cable manufacturing facility,” commented Hank Alexander, DRP’s CEO. “The Repauno Port & Rail Terminal is an ideal location for this project. Conveniently situated along the Delaware River, we are accessible and fully capable of meeting the offshore wind industry’s needs.”

Of note, the Prysmian Group recently announced that it has signed a contract with the Commercial Development Company (CDC) to purchase a site in Brayton Point in Somerset, Massachusetts, which pending final approvals will be the site of a new plant to manufacture submarine power cable, an initiative that will cost an estimated $200 million. A press release said that the deal is subject to securing state construction permits as well as confirmation of the official awarding of cable contracts for the Commonwealth Wind and Park Wind City offshore wind projects.

 

Read 1118 times Last modified on May 4, 2022