LS Marine Solution Secures Contract for Taipower Offshore Wind Project Phase II in Taiwan

South Korea-based LS Marine Solution has signed a contract worth approximately $15.8 million to lay submarine cables for the Taipower Offshore Wind Project Phase II (TPC Changhua Phase II) in Taiwan. This marks LS Marine Solution’s first venture into overseas power grid projects and overseas expansion for a Korean submarine cable contractor.

CEO of LS Marine Solution, Byung-ok Kim, stated, “Based on our technology and experience as the first-generation submarine cable construction company in Korea, we have successfully taken our first steps into the overseas power grid market. With this Taiwan project, we will further expand our global reach.”

Foxwell Energy, an affiliate of Shinfox, won the tender from Taipower for the development of the wind farm. The 300 MW offshore wind farm was selected by the Taiwanese government in April 2018 and is located approximately 14.7 kilometers west of Lukang in Changhua County.

The first jacket foundation has already been installed at the site. Once completed, the wind farm, featuring Vestas V174-9.5 MW turbines, is expected to generate 1 GWh of power per year, providing renewable energy to about 270,000 households.