LS Cable & System Signs Main Contract for HVDC Cable in European North Sea Offshore Wind Project

LS Cable & System announced on the 7th that it has signed a supply contract worth approximately 1.5 trillion KRW for ultra-high voltage direct current (HVDC) cables with the European company Tenet Offshore.

Four European countries, including Germany, Denmark, the Netherlands, and Belgium, plan to jointly install 65 gigawatts (GW) of offshore wind power capacity by 2030. Tenet will participate in this project to supply green wind energy to up to 35 million households.

A view of the LS Cable HVDC dedicated factory in Donghae-si, Gangwon-do

LS Cable & System plans to supply submarine and underground cables starting in 2026 in accordance with this main contract. There are also two additional contracts that can be signed by 2026.

HVDC is optimized for long-distance transmission networks, inter-country connections, and renewable energy generation, and the market is rapidly growing mainly in Europe and North America. The company stated, “Although power grid construction projects are actively underway worldwide, HVDC cables require large-scale capital investment and advanced technology, so a few global cable companies, including LS Cable & System, dominate most of the market.”

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