WARNER, KAINE, AND SCOTT APPLAUD CLEAN ENERGY MANUFACTURING JOBS COMING TO CHESAPEAKE THANKS TO INFLATION REDUCTION ACT

The following information was released by the office of Virginia Rep. Robert C. Scott:

Today, U.S. Senators Mark R. Warner and Tim Kaine (both D-VA) and U.S. Representative Bobby Scott (D-VA-03) applauded the announcement that LS GreenLink is investing $681 million in Chesapeake to build a state-of-the-art facility to manufacture high-voltage subsea cables used for offshore wind farms. LS GreenLink is building the facility thanks to $100 million in tax credits that were made possible by theInflation Reduction Act(IRA), which incentivizes clean energy investments. The facility marks the first offshore wind cable manufacturer in the United States and is expected to create over 330 jobs.

“TheInflation Reduction Actcontinues to deliver. Thanks to this once-in-a-generation legislation, the clean energy industry is growing, and Virginia is benefiting,”said Warner.”This LS GreenLink facility will help support the burgeoning U.S. offshore wind industry, bring hundreds of jobs to Hampton Roads, and spur investment the region.”

“I’m thrilled hundreds of clean energy manufacturing jobs are headed to Virginia thanks to theInflation Reduction Actwe passed by one vote,”said Kaine.”LS GreenLink’s decision to build a facility in Chesapeake is a testament to Hampton Roads’ talented workforce and strong community. This new facility is a win for workers, our economy, and all who rely on clean energy.”

“Hampton Roads is leading the way in offshore wind production.Thanks to theInflation Reduction Act’sinclusion of theOffshore Wind Manufacturing Act, which I co-led with my colleagues,LS GreenLink will be able to utilize tax credits for projects that expand clean energy. Their investment in this new facility in Chesapeake will play a key role in building the domestic green energy supply chain. This investment in Hampton Roads is bringing high-paying jobs to our local economy andboostingour community’s transition towards clean, affordable energy,”said Scott.

“LSGreenLink’sinvestment in Virginia will showcase the Commonwealth as a leader in offshore wind industry manufacturing,”said Governor Glenn Youngkin. “LSGreenLinkhasrecognized that Virginia has the skilled talent, world-class logistics location, and business environment that willallow it to serve its growing global customers for submarine power cables.”

Warner, Kaine, and Scott wrote aletterto the Department of Energy to advocate for IRA funding for the project. Warner, Kaine, and Scott all voted for the IRA, which passed in the Senate by one vote.

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