LS Cable, LS Marine Solution sign deal on Taean offshore wind cable project
LS Cable & System and its affiliate LS Marine Solution have signed a deal with the developer of a 504-megawatt offshore wind farm off Korea’s west coast to supply and install its subsea cables, the companies said Monday. The two companies signed a capacity reservation agreement (CRA) with Taean Wind Power. A CRA reserves cable production capacity and installation vessel schedules before a final…
LS Cable & System and its subsidiary, LS Marine Solution, have entered into an agreement with Taean Wind Power to supply and install subsea cables for a 504-megawatt offshore wind farm off Korea's west coast. The companies signed a capacity reservation agreement (CRA) with the developer, reserving cable production capacity and installation vessel schedules before finalizing the contract.
This agreement came about after Taean Wind Power chose LS Cable & System and LS Marine Solution as their preferred bidders in 2024. The companies are currently reviewing cable specifications and the scope of installation work through engineering and site surveys. They anticipate signing the final contract within the year, once they agree on the contract value and other details.
The Taean offshore wind project, a joint venture between state-owned Korea Western Power, Singapore-based renewable energy firm Vena Energy, and Danish investor Copenhagen Infrastructure Partners, will be constructed in Taean County, South Chungcheong Province, approximately 150 kilometers southwest of Seoul. The project is expected to be completed in the near future.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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