This collaboration aims to support the development of one of the world’s largest planned floating offshore wind farms, which is projected to deliver up to 750 MW capacity by 2030, approximately 70 km off the coast of Ulsan.
The Bandibuli project represents one of Korea’s first large-scale floating offshore wind initiatives. Floating offshore wind technology, which installs turbines on floating platforms rather than fixed structures, is particularly suited to deeper waters. As nearshore installation spaces become more limited, demand for this technology is expected to grow globally.
The MoU with LS Cable & System, a company known for its advanced dynamic cable technology, is intended to help address the technical requirements of floating offshore wind, as these cables need to withstand challenging marine conditions. LS Cable & System’s experience in this area brings valuable expertise to the project.
Torgeir Nakken, Bandibuli Project Director said “We are pleased to collaborate with LS Cable & System on the Bandibuli project and look forward to exploring ways to support Korea’s progress in floating offshore wind.”
The MOU was signed at the BIXPO 2024 event held at the Kim Dae-jung Convention Centre in Gwangju, where LS Cable & System presented its dynamic cable solutions, alongside high-voltage direct current (HVDC) subsea cables and superconducting solutions for data centres. This potential collaboration reflects the shared ambition of both companies to support the growth of Korea’s subsea business value chain and contribute, in part, to the transition toward cleaner, renewable energy sources.
