Hellenic Cables Americas, a division of Hellenic Cables, plans to build a $300 million cable manufacturing facility in Baltimore, Maryland. The Hellenic Cables Americas project will produce underwater and underground cables that support offshore wind farms and grid modernization across the United States.
The company gained a significant boost from the U.S. Department of Energy (DOE), which approved a transferable tax credit worth up to $58 million. This credit will accelerate construction and help the company expand its renewable energy manufacturing footprint in the U.S.
Hellenic Cables Americas plans to acquire a 38-acre waterfront property at Wagners Point in Baltimore. The deal could close as early as this month, following final due diligence. The site offers ideal access to shipping and logistics routes, helping the company efficiently serve U.S. clean energy projects.
The investment forms part of Cenergy Holdings SA’s (Cenergy Holdings) broader industrial expansion. The Belgian-based company manages Hellenic Cables and Corinth Pipeworks, two major players in Europe’s energy and cable manufacturing sector. Hellenic Cables is one of the region’s largest producers of power, telecom, and submarine cables serving global energy markets.
Through the Hellenic Cables Americas project, the company aims to strengthen the U.S. renewable supply chain and create new local jobs. Moreover, this investment highlights Hellenic Cables’ commitment to innovation, sustainability, and long-term growth in North America’s clean energy industry.
Learn more about Hellenic Cables and its global energy initiatives on the Hellenic Cables website.