Marine Solutions Company Signs Contract for Taipower's Project Phase II on Our Website
Heads up, folks! 🚨 South Korea's LS Marine Solution is expanding its horizons with a juicy $15.8 million contract 💰
This deal is all about laying some badass submarine cables for the Taipower's bold Offshore Wind Project Phase II, also known as TPC Changhua Phase II, in Taiwan. 🇹🇼
LS Marine Solution is hyped about this, as it's their first win in overseas power grid projects 🌐 and the debut of a Korean submarine cable contractor going global. 🌏
"With our home-grown tech and Korea's original submarine cable construction experience, we're making a splash in the overseas power grid scene," said Byung-ok Kim, CEO of LS Marine Solution. 🦈
Now, who made this deal happen? It was none other than Foxwell Energy, an affiliate of Shinfox, winning the tender from Taipower to develop a 300 MW wind farm 🍃
Just a heads-up: this farm was one of the lucky eleven hand-picked by the Taiwanese government back in April 2018. 🎟️
The location for this baby is around 14.7 kilometers west of Lukang in Changhua County. 🗺️
Once completed, this wind farm will be a powerhouse, generating an impressive 1 GWh of electricity per year ⚡️ and enough renewable energy to power almost 270,000 households! 🏠
Bonus Info:
- Project Value: That's around EUR 13.8 million, if you were wondering. 💸
- Role of Taipower: This state-owned power company is the main player driving Taiwan's wind power developments. 👩💼
- Turbine Details: The wind farm will feature Vestas V174-9.5 MW turbines, the big kahunas of the renewable energy field. 🐋
Catch up on more offshore wind news:
- First Jacket In at 300 MW Taiwanese Wind Farm
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- The completed submarine cable laying project, worth $15.8 million, is linked to the Taipower's Offshore Wind Project Phase II, also known as TPC Changhua Phase II, in Taiwan.
- LS Marine Solution, a South Korean company, has marked its first win in overseas power grid projects with this deal, making it the debut of a Korean submarine cable contractor in the global industry.
- Foxwell Energy, an affiliate of Shinfox, played a significant role in securing this contract, having won the tender from Taipower to develop a 300 MW wind farm.
- Once completed, the wind farm will generate 1 GWh of electricity per year, enough to power approximately 270,000 households, contributing significantly to the renewable energy sector.
- The finance sector can benefit from this project, as the annual production of renewable energy from this wind farm will contribute to the overall growth of the energy industry, especially in the realm of technology.
