LS Cable, LS Marine Solution selected as preferred bidders for major offshore wind project

Park Seung-ki, second from left, head of domestic energy sales at LS Cable & System, and Haesong Offshore Wind Power CEO Joris Hol, third from left, and other company executives pose during a signing ceremony for an offshore wind project. Courtesy of LS Cable & System

LS Cable & System and LS Marine Solution have been selected as preferred bidders for a major offshore wind project off Korea’s southwest coast, marking a significant step in the country’s effort to build a domestic renewable energy supply chain.

The companies said Tuesday they would oversee submarine cable supply and installation for the Haesong offshore wind project near Heuksan Island in Sinan County, South Jeolla Province.

The project, led by Copenhagen Infrastructure Partners (CIP) is designed as a 1-gigawatt offshore wind complex consisting of two 504-megawatt farms.

Copenhagen Offshore Partners, a subsidiary of CIP, is managing project development through Haesong Offshore Wind Power.

LS Cable & System will supply submarine cables for both external and internal power grids, while LS Marine Solution will handle installation work under a turnkey structure intended to integrate production and construction.

Industry officials said large-scale submarine cable projects often depend heavily on experience working with global developers and executing offshore infrastructure projects.

The companies said they had accumulated experience through previous projects with international developers, including CIP, in Korea and overseas markets.

The selection also reflects growing efforts by global renewable energy developers to localize critical offshore wind infrastructure and strengthen supply chain stability through partnerships with Korean companies.

Ahead of a final contract, the firms said they planned to finalize detailed frameworks covering supply schedules, technical requirements and procurement systems for key equipment.

The project will also mark the first commercial application of a joint offshore wind cooperation model linking LS Cable & System’s submarine cable technology with Korea Electric Power Engineering & Consulting’s EPC and power grid design capabilities.

The companies said they would pursue joint research on submarine cable operations and maintenance, localization efforts and supply chain cooperation.

Park Seung-ki, head of domestic energy sales at LS Cable & System, said submarine cables were becoming increasingly important infrastructure assets tied to national energy security and power networks.

This article was published with the assistance of generative AI and edited by The Korea Times.