LS Cable gets order for submarine cables in Taiwan
This is the first time a Korean cablemaker will be exporting submarine cables to that country. The company has finally gotten a green light to enter the Taiwanese market where large submarine cable projects are scheduled to be implemented by 2025.
LS C&S will supply submarine cables for the offshore wind farm Yunlin, built by YunNeng Wind Power Company, part of the wpd group, one of Germany’s major wind power company, and to be installed by Seaway Offshore Cables, part of the Subsea 7 group, off the shore of Yunlin County in Taiwan.
The purpose of this project is to alleviate power shortages resulting from the scheduled shutdown of several nuclear power plants.
As part of its plan to shut down nuclear power plants by 2025 and replace them with renewable energy, Taiwan will invest $23 billion for the construction of a 5.5GW offshore wind power, whereby a submarine power grid spanning more than 2,000km shall be installed. ■