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Copenhagen Infrastructure Partners (CIP) has inked a preferred supply agreement with LS Cable for the supply of offshore and onshore cables to CIP’s 500 MW third offshore wind project in Taiwan, called Feng Miao 1 project. This was signed during the Danish Climate Minister’s visit to Korea.
As per the agreement, LS Cable, a Korea-based industrial corporation, will supply offshore export cables, inter-array cables, and onshore export cables to the Feng Miao 1 offshore wind project in Taiwan. CIP won the Feng Miao 1 during the first round of Taiwan’s Round 3 Zonal Development Offshore Wind Auction in December 2022. CIP’s Flagship Fund V (CI V) owns the project which is presently in the late development stage in preparation for financial close.
The parties signed a joint statement during the Korea-Denmark Wind Business Conference in Seoul. Lars Aagaard, Danish Climate Minister, and Namho Choe, Korean Vice Minister for the Ministry of Trade, Industry and Energy were present.
