LS Cable & System, LS Marine Solution secure schedule agreement for Taean offshore wind submarine cable project

LS Cable & System and LS Marine Solution are moving ahead with a submarine cable project for the 504 MW Taean offshore wind farm.

The two companies announced Monday they had signed a cable reservation agreement (CRA) with Taean Wind Power Co. to secure production and installation schedules for the supply and laying of submarine cables. A CRA is a pre-contract arrangement that locks in manufacturing capacity and vessel availability ahead of a full contract.

The two companies were named preferred negotiating partners in 2024, and the CRA signing marks a further step toward formalizing their participation in the submarine cable project. Engineering work and preliminary surveys are currently underway to determine cable specifications and the scope of installation, with a full contract expected after detailed terms — including the contract value — are finalized by year-end.

The Taean offshore wind farm is being jointly developed by Korea Western Power, Singapore-based renewable energy company Vena Energy, and Danish renewable energy investment and development firm Copenhagen Infrastructure Partners. The project is being built off the coast of Taean-gun in South Chungcheong Province, with completion targeted for 2030.

This is the second large-scale offshore wind project in which LS Cable & System and LS Marine Solution are participating together, following the Sinan Ui offshore wind farm. LS Marine Solution plans to deploy the GL2030, a submarine cable-laying vessel upgraded to a 7,000-ton capacity.

The two companies said they intend to aggressively pursue South Korea's offshore wind market, which is targeting 55 GW of installed capacity by 2035. "We will push ahead with the main contract without delay and expand our presence in the domestic offshore wind market," an LS Cable & System official said.