Taihan Cable & Answer has gained a $77.3 million contract for the provision of subsea cables for the 365 MW Yeonggwang Nakwol offshore wind farm in South Korea, and bought what is alleged to be the nation’s solely cable-laying vessel (CLV) for the offshore wind market.
Below the $77.3 million contract, South Korean firm Taihan will probably be liable for supplying inter-array subsea cables that join 64 offshore wind generators, every rated at 5.7 MW, put in on the Yeonggwang Nakwol wind farm, and the cables connecting them with a brand new substation on Songi Island.
The cables will probably be produced on the firm’s facility in Dangjin, which is predicted to begin operations early in 2024.
The contract, secured on December 17, 2023, follows the one Taihan Cable & Answer gained in October 2023, when the corporate was chosen as a most popular subsea cables provider for the 532 MW Anma offshore wind challenge.
“With the Yeonggwang Nakwol challenge, we are going to contribute to the stabilization of the subsea cable provide chain by actively collaborating in numerous offshore wind energy initiatives being superior in Korea, and enhance export competitiveness by utilizing it as a stepping stone for enlargement into the rising offshore wind energy market in Europe and the US,” Taihan stated.
‘Korea’s solely CLV for offshore wind market’
Taihan’s CLV for offshore wind market (Credit score: Taihan)
On December 20, Taihan purchased a 6,200-ton CLV, stated to be Korea’s solely cable layer for offshore wind sector, for $38.5 million,
The CLV is supplied with superior options comparable to self-propulsion and a dynamic positioning system (DP2). The vessel can load as much as 4,400 tons of underwater cables directly, and is ready to sail at 9 knots on common.
This acquisition positions Taihan as whole answer supplier overlaying each underwater cable manufacturing and set up.
Taihan is planning to make full use of this vessel first for the Yeonggwang Nakwol offshore wind farm, being developed by Nakwol Blue Coronary heart Co, and later, for the Anma challenge.
In January 2024, the corporate will accumulate recommendations from its workers for the official naming of the vessel.
“As this CLV meets the worldwide normal for the European offshore wind energy market, it opens up numerous enterprise alternatives within the world market,” Taihan stated.
