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South Korea's LS Cable said Monday that LS Cable will supply 170 kilometers of undersea power cables
for a large wind farm in Taiwan.
According to the company, which has signed an agreement to supply 66 kV cables to the German wind power company WPD, which is participating in a wind farm project
in the western waters of Taiwan.
Taiwan plans to build a 5.
5 GW offshore wind facility by 2030, spending $23 billion to increase the region's reliance
on renewable energy.
The first phase of the project is scheduled to be completed in 2025 and is led
by European Wind Power.
LS Cable said this is the first time a South Korean company has supplied submarine cables
to Taiwan.
It credits the contract with its 10-year track record
of supplying quality products to major wind farms in European countries, including the UK, the Netherlands and Belgium.
Myung Roe-hyun, CEO of LS Cable, said: "The Taiwan project requires more than 2,000 kilometers of cable worth more than hundreds of billions of won in the first phase
.
We expect the contract to be a stepping stone
for the Company to win additional orders for overseas projects.
”
South Korea's LS Cable said Monday that LS Cable will supply 170 kilometers of undersea power cables
for a large wind farm in Taiwan.
According to the company, which has signed an agreement to supply 66 kV cables to the German wind power company WPD, which is participating in a wind farm project
in the western waters of Taiwan.
Taiwan plans to build a 5.
5 GW offshore wind facility by 2030, spending $23 billion to increase the region's reliance
on renewable energy.
The first phase of the project is scheduled to be completed in 2025 and is led
by European Wind Power.
LS Cable said this is the first time a South Korean company has supplied submarine cables
to Taiwan.
It credits the contract with its 10-year track record
of supplying quality products to major wind farms in European countries, including the UK, the Netherlands and Belgium.
Myung Roe-hyun, CEO of LS Cable, said: "The Taiwan project requires more than 2,000 kilometers of cable worth more than hundreds of billions of won in the first phase
.
We expect the contract to be a stepping stone
for the Company to win additional orders for overseas projects.
”
