LS Cable & System Builds Solar Power Generation System at Donghae Submarine Cable Factory

Power Cost Reduction and Strengthening of Eco-Friendly Production Base

LS Cable & System announced on the 7th that it has established a 3000 kW (kilowatt) class solar power generation system at its submarine cable factory in Donghae City, Gangwon Province, and has begun full-scale operation.

Solar power generation system installed at LS Cable & System Donghae plant. Photo by LS Cable & System

The company decided to build the solar power system to reduce electricity costs and strengthen its eco-friendly production base, thereby securing global order competitiveness. It is expected that the solar power system will produce approximately 3600 MWh (megawatt-hours) of electricity annually. This corresponds to the amount of electricity used by about 1,200 average households for one year. Based on 20 years of operation, LS Cable & System explained that it anticipates an electricity cost reduction effect of more than 7 billion KRW.

In December last year, LS Cable & System became the first in the domestic cable industry to receive official approval for its carbon neutrality implementation goals from the Science Based Targets initiative (SBTi), and is enhancing its Environmental, Social, and Governance (ESG) management system by establishing a mid- to long-term reduction roadmap aiming for net-zero greenhouse gas emissions by 2050. An LS Cable & System official stated, "It is highly meaningful that the Donghae plant has achieved the goal of 100% renewable energy conversion through the introduction of this solar power system," adding, "We will expand the adoption of renewable energy to domestic and overseas plants in the future to build a low-carbon supply chain that meets RE100 (Renewable Energy 100%) and SBTi standards as well as customer demands."