Hellenic Cables to supply inter-array cables for New Jersey Offshore Wind Project

Athens, 17 October 2024

Hellenic Cables, the cables segment of Cenergy Holdings, announced its partnership with the Leading Light Wind project, one of the largest offshore wind projects in the U.S., located over 40 miles off the coast of the New Jersey. Hellenic Cables will supply 65km of 132kV inter-array cables, a part of the project’s total inter-array cable needs. Leading Light Wind is developed by lead developer Invenergy and co-developer energyRe.

Leading Light Wind, the only American-led project in the New York Bight lease area, will be able to generate 2,400MW of clean, reliable energy, enough to power up to 1 million homes annually while offsetting 4 million tons of CO2 emissions each year once operational. The delivery of the inter-array cables is planned for 2030, with the production of certain cable components starting immediately at Hellenic Cables’ state-of-the-art facility in Corinth, Greece. This award highlights Hellenic Cables’ industry leadership in delivering innovative, high-performance solutions tailored to the evolving needs of the renewable energy sector.

Alexis Alexiou, CEO at Cenergy Holdings, said: “We are honoured to collaborate with Leading Light Wind on this landmark project, which strengthens the U.S. offshore wind supply chain. Our contribution to the Leading Light Wind project underscores Hellenic Cables’ commitment to providing pioneering solutions that support the energy transition and enhance sustainability on a global scale.”

Wes Jacobs, Leading Light Wind Project Director, added: “Leading Light Wind is thrilled to partner with Hellenic Cables to leverage this cutting-edge cable technology. This partnership marks an exciting milestone for Leading Light Wind and will enable innovation and efficiency in our project design.”

Leading Light Wind is an American-led offshore wind project that can deliver 2,400 MW of clean, locally sourced energy to New Jersey – enough to power more than one million Garden State homes. Located over 40 miles off the New Jersey coast, Leading Light Wind is positioned to spur $3.7 billion in economic development benefits, create thousands of local union jobs, and empower local communities and partners across the state through an $150 million community benefits program. Leading Light Wind, one of the largest offshore wind projects in the U.S., is being developed by two American companies: lead developer Invenergy and co-developer energyRe–partners with a proven track record of responsible development. Learn more at leadinglightwind.com.

With over 70 years of success, Hellenic Cables is a leading provider of cables and turnkey solutions worldwide, servicing the markets of energy transmission and distribution, renewables and offshore wind, telecom and data networks, construction, and industry. Through its fully owned subsidiary Fulgor, Hellenic Cables operates its submarine cables plant in Corinth, Greece, where the production and testing of some of the longest submarine cable lengths without factory joints leveraging top-notch facilities and equipment. Since 2012, Hellenic Cables has executed an EUR 600 million investment plan to upgrade its production sites, transforming them into state-of-the-art facilities. Hellenic Cables represents the cables segment of Cenergy Holdings SA. For further information, please visit Hellenic Cables website at www.hellenic-cables.com.

Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables. Corinth Pipeworks is a world leader in steel pipe manufacturing for the energy sector and major producer of steel hollow sections for the construction sector. For more information, please visit our website at www.cenergyholdings.com.