LS Cable, LS Marine Solution sign deal on Taean offshore wind cable project

LS Cable & System and its affiliate LS Marine Solution have signed a deal with the developer of a 504-megawatt offshore wind farm off Korea’s west coast to supply and install its subsea cables, the companies said Monday. The two companies signed a capacity reservation agreement (CRA) with Taean Wind Power. A CRA reserves cable production capacity and installation vessel schedules before a final contract is signed. The agreement follows the developer’s selection of the two companies as preferred bidders in 2024. They are now reviewing cable specifications and the scope of installation work through engineering and site surveys. They plan to agree on the contract value and other details and sign a final contract within the year. The Taean offshore wind project is being jointly developed by state-run Korea Western Power, Singapore-based renewable energy company Vena Energy and Danish renewable energy investor Copenhagen Infrastructure Partners. The wind farm will be built off Taean County in South Chungcheong Province, about 150 kilometers southwest of Seoul, and is scheduled for comple