LS Cable & System Ships Submarine Cable for the First Time to Taiwan Offshore Wind Farm Project

LS Cable's submarine cables are being loaded at Donghae Port, Gangwon Province.

[Asia Economy Reporter Ki-min Lee] LS Cable announced on the 10th that it has started the first shipment of submarine cables for the Taiwan offshore wind farm complex.

This is the first shipment of the submarine cable project worth a total of 500 billion KRW that LS Cable won in Taiwan. Previously, LS Cable secured all the ultra-high voltage (HV) submarine cable supply rights for the first phase of the offshore wind farm project ordered in Taiwan last year.

The shipment has a total length of 70 km and weighs 2,500 tons. The cables, produced at LS Cable's dedicated submarine cable factory in Donghae City, Gangwon Province, were transferred to a vessel at the nearby Donghae Port and will be installed this month at the offshore wind farm in front of Yunlin County on the west coast of Taiwan.

Taiwan plans to increase the share of renewable energy from the current 5% to 50% by constructing a total of 15 gigawatts (GW) of offshore wind farms in three phases from this year until 2035, led by the government.

LS Cable intends to focus on additional orders as the bidding scale for the remaining first and second phase projects is expected to exceed 1 trillion KRW within three years. The Taiwanese government is promoting a policy of domestic production of energy equipment. However, submarine cables, which require long-term technology development and investment, have been excluded from the domestic production targets.

Myung Noh-hyun, CEO of LS Cable, said, “Taiwan is an advanced market that is leading the transition to renewable energy. Based on our successful experience in Taiwan, we will expand our market to Australia, Vietnam, and Japan, where rapid growth in the offshore wind market is expected.”

This content was produced with the assistance of AI translation services.