LS Cable & System said Tuesday it won an order for submarine cables worth 23 billion won ($21 million) from DONG Energy, a state-run Danish wind power generation company.
The company’s submarine cables will be used in an offshore wind power generation complex to be built in Westermost Rough off the southeastern coast of the U.K. by DONG Energy.
It is the first time for the local cable maker to enter the European offshore wind power generation market, which is forecast to become a $30 billion industry in 2020.
The company said it will spur further growth in the global submarine cable market this year, boosted by orders won in countries such as Qatar, the U.S., Indonesia and Malaysia over the past few years.
(
jyseo@heraldcorp.com)
