|LS Cable & System President Myung Roe-hyun, left, holds an MOU agreement with Northland Power Korea CEO Han Seung-soo at the LS C&S office in Seoul, on Nov. 3. Courtesy of LS C&S|
By Kim Jae-heun
LS C&S expects to supply more submarine cables
LS Cable & System (C&S) said on Nov. 3 that it signed a memorandum of understanding (MOU) for cooperation in the domestic offshore wind power business with Northland Power, a Canadian new and renewable energy developer.
"With this MOU, we will comply with the government's new and renewable energy policy and contribute to job creation," LS C&S President and CEO Myung Roe-hyun said.
The two companies prescribed their respective roles and various matters necessary for offshore wind power generation, and agreed to cooperate in engineering, procurement and construction (EPC).
Northland Power has been active in Europe, building and operating new and renewable energy infrastructure such as wind power and photovoltaics, since its establishment in Toronto in 1987. It has recently been making full-fledged efforts to advance into Asian countries such as Taiwan and Japan.
LS C&S has continued to build cooperative relations. For example, it was recently selected as a priority supplier of submarine cables for Northland Power's 1GW Hai Long Wind Farm Project in Taiwan.
Northland Power is also expanding its business in Korea. LS C&S expects to see its sales grow with the 1.3 GW Dado Ocean Wind Power Project in South Jeolla Province.
"Cooperation with LS Cable & System laid the foundation for the smooth operation of the offshore wind power business in Korea," said Seung-soo Han, CEO of Northland Power Korea. "We will take the lead in supplying environmentally friendly renewable energy."