SEOUL -- LS Cable & Systems, a major South Korean cable manufacturer, has signed a deal worth 89 million euros ($100 million) with a Danish energy firm to establish an underway electric cable system for the Changhua offshore wind farm complex in the Taiwan Strait.
LS Cable said Friday that it would supply underwater cables by 2022 for wind farms to be built off the coast of Changhua County. This would be Taiwan's biggest wind-power complex to power about 2.8 million households. Danish offshore wind developer Orsted has obtained site exclusivity on four sites with a planned total generation capacity of 2.4GW.
Orsted plans to bring into operation the first two wind farms in 2021. LS Cable, which has teamed up with the Danish firm in a number of wind energy projects, hopes to win more orders in Taiwan, which invests heavily in renewable energy.
"As the development of offshore wind energy is active with Europe and Asia at the center, our underwater cable business is expected to post sustained growth," said Myung Roh-hyun, president of LS Cable which produces an ultra-high-voltage power cable system.
In June, South Korea designated ultra-high-pressure power cables as core national technology, recognized their high marketability and world-class technologies. LS Cable will expand the production of high-voltage direct current transmission (HVDC) cables, a next-generation electric power technology to convert alternating current into high-voltage DC.
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