LS Marine Solution Wins $15.8 Million Taiwan Offshore Wind Cable Contract
LS Cable & System Ltd., South Koreaโs largest cable manufacturer, announced that its subsidiary LS Marine Solution Co. has secured a US$15.8 million contract to install submarine power cables for Taiwan Power Company (TPC). The project supports TPCโs Offshore Wind Power Complex 2, a 294.5 MW development that will be completed by May 2026.
Expanding into Offshore Wind Projects
The deal marks the first overseas submarine cable project for LS Marine Solution. With this contract, the company strengthens its position in the global offshore wind supply chain. The team will manage the entire installation process to ensure reliable connections for Taiwanโs growing renewable energy network.
Founded in 1995, LS Marine Solution was South Koreaโs first company specializing in submarine cable construction. Formerly KT Submarine, the firm was acquired and rebranded by LS Cable & System in 2023. Since then, it has combined engineering and production capabilities to deliver streamlined cable solutions worldwide.
Strategic Growth in the Renewable Energy Market
LS Cable & System has previously supplied ultra-high-voltage submarine cables for Taiwanโs first-phase offshore wind projects, providing crucial components for the countryโs expanding clean energy grid. The new contract builds on that legacy, creating stronger synergy between the companyโs cable manufacturing and installation operations.
This collaboration aligns with Taiwanโs long-term plan to achieve 20.6 GW of offshore wind capacity by 2035, an effort that continues to attract international partners and technology providers.
Advancing into Global Power Grids
LS Marine Solution CEO Kim Byung-ok expressed confidence in the projectโs role as a launchpad for further global expansion.
โBased on our technology and experience accumulated as Koreaโs first-generation submarine cable construction company, we have successfully taken our first step into the overseas power grid market,โ Kim said. โWe will continue expanding our global reach through projects like this in Taiwan.โ
Through this milestone, LS Marine strengthens its position as a key player in the global offshore wind and submarine cable sectors, while reinforcing LS Cable & Systemโs leadership in sustainable power transmission solutions.
