LS Cable was recognized for its global competitiveness ten years after it entered the underwater cable business, and is in the process of obtaining orders. This time he managed to win 118.4 billion won submarine cable installations.
LS Cable announced December 12th that it received an order for a construction project to supply a submarine cable with a capacity of 89 million euros to a Taiwan wind power plant. LS Cable will supply submarine cables to offshore wind power plants in the Changchua District of the west of Taiwan until 2022, which signed a contract with Dörsted, a state-owned energy company in Denmark. In January, LS Cable initially received an underwater network order in Taiwan.
The government plans to build 10 wind turbines with a total capacity of 5.5 GW per year, investing 23 billion dollars (about 27 trillion won) by 2025 to increase the ratio of renewable energy sources from 5% to 20%. . LS Cable received an order for Janghwa Ocean shore wind power, which is the largest of its kind, producing 900 megawatts of electricity per year, equivalent to a 1GW typical nuclear power plant.
LS Cable said: "Wind power marine development is becoming more active in Europe and Asia. LS Cable is building partnerships with several underwater and underground cable projects, including Hursted and the world's largest wind power plant, British Honsi project.
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