South Koreaโs LS Cable & System (LS C&S) reports that it has won a contract from TenneT to supply 210 km of HV cable for the grid connection of the Dutch offshore wind farms Hollandse Kust Noord and West Alpha.
A press release said that the overall projectโwhich includes Jan De Nul Group, a marine construction companyโwas worth more than โฌ100 million. The order represents โthe first large contracts from Europe, the home of cables.โ It added that it also puts LS C&S in a good position for future demand from โnewly established EU HQ and expanding production subsidiaries.โ”
The release said that the bidding process considered technical capabilities, quality of business operations in combination with pricing. โThe evaluation of the bid shows that the winning consortium has the most economically advantageous proposal to carry out the challenging project.โ
The Netherlands is constructing offshore wind farms with a total capacity of more than 11 gigawatts by 2030. The two offshore wind farms, it said, will have a total capacity of 1.4GW in the Dutch coastal waters by 2023.
Since 2012, LS C&S has supplied power cable to the U.K., Denmark, the Netherlands and Belgium. The company expects that the European submarine cable market will be worth billions of euros over the next five years. โLS C&S is planning to build on this major project and to do everything in its power to win more contracts for submarine cable projects in Western Europe including The Netherlands.โ
