LS Cable, Hanwha to build S.Korea’s largest offshore wind farm

Hanwha selects LS Cable as a priority negotiator for supplying submarine cables for the Sinan-Ui offshore wind power project

LS Cable, Hanwha to build S.Korea’s largest offshore wind farm
Hyung-Kyu Kim 1
Jun 07, 2023 (Gmt+09:00) khk@hankyung.com
Energy


South Korea's LS Cable & System announced on Wednesday that it has been selected as the priority negotiator for the supply of submarine cables for the Shinan-Ui offshore wind power project being pursued by Hanwha Corp.'s construction unit.

This is the largest domestic offshore wind power project, building a 400-megawatt offshore wind farm in the southeastern waters of Ui Island, Sinan County, South Jeolla Province. The capacity of 400 MW is more than three times the cumulative installed capacity of domestic offshore wind power as of last year, which was 124 MW.

LS Cable will supply all the submarine cables required for the construction of the wind power complex and its connection to the mainland by the second half of 2025. The contract size is estimated to be 100 billion won ($77 million).

Both companies plan to immediately begin contract negotiations on product specifications and other matters with the goal of completion by 2026.

LS Cable and Hanwha Corp.'s construction unit plan to strengthen their cooperation in the domestic offshore wind power generation business, starting with this project.

LS Cable is expanding its investment in offshore projects, including the development of the world's highest-rated 525-kilovolt high-voltage direct current (HVDC) cables and the construction of an HVDC specialized factory.

Write to Hyung-Kyu Kim at khk@hankyung.com
#LS Cable & System #Shinan-Ui offshore wind power project #submarine cable #Hanwha Corporation #Ui Island #offshore wind power #high-voltage direct current #HVDC

LS Cable wins $142 mn contract to supply submarine cables to Taiwan

LS Cable wins $142 mn contract to supply submarine cables to Taiwan

South Korea's LS Cable & System has secured a 189.2 billion won ($142 million) contract with Orsted, Denmark-based world’s leading offshore wind power company, for supplying submarine cables to Taiwan. The contract specifically pertains to the Changhua Offshore Wind Farm, slated to b

LS Cable consortium wins $1.5 billion cable deal from the Netherlands

LS Cable consortium wins $1.5 billion cable deal from the Netherlands

LS Cable's high-voltage direct current (HVDC) cables A three-party consortium including South Korea’s LS Cable & System Ltd. has won a 2 trillion won ($1.5 billion) deal to build high-voltage cables for a European grid project linking a wind farm in the North Sea with facilities in Ge

LS Cable completes undersea HVDC cable plant

LS Cable completes undersea HVDC cable plant

South Korea’s major cable manufacturer LS Cable & System Ltd. has completed the construction of Asia's largest high-voltage direct current (HVDC) undersea cable factory and is set to secure leadership in the undersea cable market. According to LS Cable, the new plant located in Do

LS Cable wins $86 mn contract to supply submarine cables to Taiwan

LS Cable wins $86 mn contract to supply submarine cables to Taiwan

LS Cable & System Ltd. announced on Thursday that it has won a contract worth about 110 billion won ($86 million) to supply submarine cables for wind farms being built by Taiwan Power Company (TPC) off the west coast of Taiwan. The company signed an agreement with Taiwan's energy company,

LS Cable to inject $53.3 million to set up EV parts JV with HAI

LS Cable to inject $53.3 million to set up EV parts JV with HAI

LS Cable & System teams up with HAI to set up an EV parts joint venture LS Cable & System Ltd. will spend 67.5 billion won ($53.3 million) to set up a joint venture with Austria’s Hammerer Aluminium Industries GmbH (HAI), the world’s No. 1 producer of aluminum parts for EVs,