LS Cable & System and its subsidiary LS Marine Solution have signed a Capacity Reservation Agreement (CRA) for the 504 MW Taean offshore wind project in South Korea. The agreement reserves cable manufacturing capacity and vessel availability ahead of the final contract.
The project is located off Taean County in South Chungcheong Province and is being jointly developed by Korea Western Power, Singapore-based Vena Energy and Denmark's Copenhagen Infrastructure Partners (CIP). The wind farm is scheduled to become operational by 2030.
Under the planned contract, LS Cable & System will manufacture the subsea cables, while LS Marine Solution will be responsible for marine construction and cable installation. The two companies were selected as preferred bidders for the project in 2024. Engineering work and surveys are currently underway, with the companies aiming to finalise the commercial terms and contract value before the end of 2026.
