LS Cable and LS Marine Solution Selected as Preferred Bidders for 'Haesong Offshore Wind Power' Project

Supplying and Installing Submarine Cables for 1GW-Scale Offshore Wind Project

Global Developers Accelerate Localization of Core Offshore Wind Infrastructure

LS Cable and LS Marine Solution announced on the 19th that they have been selected as the preferred bidders for the supply and installation of submarine cables for the Haesong Offshore Wind Power Project, which is being developed in the maritime area off Sinan, South Jeolla Province.

The two companies plan to fully integrate all phases of the project, providing supply and installation of submarine cables under a turnkey framework that covers both production and installation. They will handle the supply and installation of all external and internal submarine cables.

At the signing ceremony for the priority negotiation partner selection of the Haesong Offshore Wind Power Project on the 19th, attendees including Seunggi Park, Head of Domestic Energy Sales Division at LS Cable (second from left), and Joris Hol, CEO of Haesong Offshore Wind Power Project Co., Ltd., are taking a commemorative photo. LS Cable

According to industry sources, for large-scale submarine cable construction projects, experience in collaborating with global developers and a proven track record in project execution are considered key factors for business stability. LS Cable and LS Marine Solution have accumulated extensive capabilities and experience in supplying submarine cables through domestic and international projects with global developers, including Copenhagen Infrastructure Partners (CIP).

It is also seen as significant that global developers are adopting supply and installation frameworks led by domestic companies, thereby accelerating the localization of critical offshore wind infrastructure and strengthening supply chain stability.

The Haesong Offshore Wind Power Project is a 1GW-scale initiative that will establish two 504MW offshore wind farms near Heuksando, Sinan-gun, South Jeolla Province. Global green energy investment and development firm CIP is overseeing the overall project, while its subsidiary, Copenhagen Offshore Partners (COP), is responsible for project development.

Prior to the main contract, the two companies plan to specify detailed frameworks such as supply schedules and technical requirements, thereby securing a stable procurement system for key equipment and enhancing overall project stability and predictability.

This project marks the first time that LS Cable’s submarine cable technology and Korea Electric Power Technology’s power grid and EPC (Engineering, Procurement, and Construction) design capabilities will be combined in an offshore wind cooperation model applied to an actual project. LS Cable, Korea Electric Power Technology, and CIP plan to jointly pursue research and development in submarine cable operation and maintenance (O&M), expand localization, and strengthen supply chain cooperation.

Seunggi Park, Head of Domestic Energy Sales at LS Cable, stated, “Submarine cables are becoming increasingly important as a key infrastructure for the national power grid and energy security. Based on our turnkey competitiveness with LS Marine Solution, we will strive for stable project execution and contribute to strengthening the competitiveness of the domestic offshore wind power supply chain.”

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