LS Cable partners with Norwegian company for world's largest offshore wind power project - South Korean report

LS Cable, a major electric cable manufacturer, announced that it has signed a memorandum of understanding (MOU) with Equinor, a major Norwegian energy company, to cooperate on the world's largest floating offshore wind power project.
The project will be South Korea's first floating offshore wind power project. Equinor plans to build a 750MW offshore wind farm about 70km off the coast of Ulsan by 2030.
The company plans to install wind power generation equipment. LS Cable is the first in Korea to develop dynamic cables for floating offshore wind power generation that are durable enough to be used in the harsh offshore environment.
The company's CEO, Koo Bon-kyu, said, "Together with our subsidiary LS Eco Energy and LS Marine Solutions (formerly KT Submarine), which handles the undersea cable business, we are expanding our undersea cable business.
In connection with this, the South Korean government has revealed a bidding plan for building floating offshore wind facilities with a total capacity of 2.5 to 3 gigawatts by 2026.
A public tender for floating offshore wind power generation of 500MW will be held. An LS Cable official said, "These policies reflect the importance of floating offshore wind power generation, and it is also a major player in the Korean energy market.
There's been a lot of interest," he said.