LS Cable & System to Supply Cables Worth 240 Billion KRW to UK Wind Farm Project
Targeting the Global Renewable Energy Market with New Insulation Materials
[Asia Economy Reporter Kim Pyeonghwa] LS Cable & System announced on the 20th that it will supply cables worth 240 billion KRW to the Boreas offshore wind farm in the North Sea, UK. This is the largest order ever received by a Korean cable company in Europe.
The Boreas offshore wind farm will be constructed off the coast of Norfolk, UK. The Swedish state-owned power company Vattenfall plans to complete it by 2026. Once operational, it is expected to generate approximately 1.3 gigawatts (GW) of power, equivalent to one nuclear power plant.
LS Cable & System will supply 320kV high-voltage direct current (HVDC) submarine and underground cables. This is the first case of supplying HVDC cables using cross-linked polyethylene (XLPE) as the insulation material. An LS Cable & System official explained, "XLPE cables are convenient for laying and connection work, and maintenance is also simple. They are mainstream in renewable energy projects in Europe and North America, but only a few companies have succeeded in developing them."
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By securing orders in Europe, the birthplace of renewable energy projects, LS Cable & System expects to accelerate expansion into overseas markets including Europe, as well as the rapidly growing markets in North America and Asia.
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