SEOUL -- LS Cable & Systems, a top cable maker in South Korea, has secured a five-year deal to supply high voltage export cables for offshore wind farms to Orsted, a Danish power company that has been involved in major offshore wind power projects in the world. Financial terms of the framework agreement were not disclosed.
LS C&S has maintained ties with Orsted while supplying cables for the Hornsea wind farm project in the North Sea and for the Changhua offshore wind farm project in Taiwan. "The trend of investing in renewable energy will continue, even under the current COVID-19 situation. We are delighted to continue this cooperation with the leading company in offshore wind energy," CEO Myung Roe-hyun said in a statement on November 24.
"The offshore wind market is growing fast, particularly in the Asia Pacific. Orsted as the global market leader needs strong, reliable and competitive suppliers. Therefore, we are very happy to have further strengthened our partnership with LS C&S," said Orsted Asia-Pacific president Matthias Bausenwein.
LS C&S, which produces power and telecom cables and systems, as well as integrated modules and other related industrial materials, has been involved in a number of projects abroad.
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.