1 day Ago By Lee Jun-sung
LS Marine Solution and LS Cable & System have been selected as the preferred negotiators to supply submarine cables for the Taean Offshore Wind Project in South Chungcheong Province. This project, led by Singapore-based renewable energy company Vena Energy, aims to develop a large-scale offshore wind farm with a capacity of about 500MW off the coast of Geunheung-myeon, Taean. It is targeted for completion by 2029.
In this project, LS Cable & System will supply the submarine cables, while LS Marine Solutions will handle their installation. The two companies plan to provide an integrated solution from design to production and installation, maximizing the efficiency and stability of the project. A representative from LS Cable & System stated, "By collaborating with LS Marine Solution, we will offer a complete integrated solution and contribute to the development of the domestic offshore wind industry and securing a lead in the global market with our unparalleled technology.
" The government recently announced plans for offshore wind bids totaling 7-8GW by 2026. In response, LS Cable & System is reinforcing its collaboration with global offshore wind developers, continuing to play a leading role in the domestic offshore wind market. Jung Kwang-jin, CEO of Taean Wind Power Co.
, Ltd., emphasized, "LS Cable & System's excellent technology and proven track record will be a crucial foundation for the successful execution of the Taean Offshore Wind Project. We will proceed with the project smoothly, ensuring top-quality standards.
" Taean Wind Power Co., Ltd. was established with investment from Vena Energy and holds a renewable energy portfolio in the Asia-Pacific region, including solar, wind, and battery storage systems.
The company is currently working on offshore wind projects totaling 17GW in countries such as South Korea, Japan, Taiwan, Australia, and the Philippines..
