LS Marine Solution Selected as Preferred Negotiator for Anma Offshore Wind Power Project in Jeonnam

‘Bigumdo·Asia-Pacific Region Maintenance’ Followed by Consecutive Business Expansion Successes

LS Marine Solution has been selected as the preferred bidder for the subsea cable project of the ‘Anma Offshore Wind Power Project’ in Jeonnam, signaling a record-breaking contract win. The Anma Offshore Wind Power Complex will be constructed near Anmado, Yeonggwang-gun, with a capacity of 532MW by 2027. It is the largest offshore wind power complex project currently underway in South Korea.

Power line construction cable owned by LS Marine Solution

On the 27th, LS Marine Solution announced that it will be responsible for transporting, laying, and installing subsea cables manufactured by LS Cable & System at the wind power complex. The supply scale of materials and construction handled by LS Marine Solution and LS Cable & System is expected to reach several hundred billion won. LS Marine Solution anticipates generating profits that will significantly exceed last year’s total sales (42.8 billion won) depending on the contract outcome. The company is confident that it can add another mega project record following the Jeju 2-connection subsea cable project in 2011.

In addition to the Anma Offshore Wind Power Project, LS Marine Solution is accelerating its expansion by securing projects such as the subsea cable laying for Bigeumdo and subsea optical cable maintenance in the Asia-Pacific region. On the 29th of last month, it signed a laying contract with LS Cable & System for the ‘Bigeumdo Subsea Connection Project.’ This project involves constructing power cables over an approximately 7km subsea section between the Bigeumdo solar power complex in Sinan-gun, Jeonnam, and Anjwa-do.

On the 8th of this month, LS Marine Solution was selected as the maintenance service provider for subsea optical cables in the Asia-Pacific region. Through this, the company secured a stable fixed annual revenue of 13 billion won, equivalent to about 30% of last year’s sales. The maintenance covers 19 subsea cable systems in the Asia-Pacific region, with a total length of approximately 85,000 km. The contract period is five years, from 2025 to 2029.