LS Eco Energy has announced a substantial new contract with Denmark’s state-owned energy company, ENERGINET, to supply ultra-high-voltage cables valued at US$30.51 million over the next three years. This announcement comes shortly after a previous contract worth $13 million earlier in the month, underscoring the company’s strong and growing relationship with ENERGINET.
For over eight years, LS Eco Energy and its parent company LS Cable have been key suppliers to ENERGINET, effectively dominating the under 170 kilovolt (kv) and 220 kv cable markets in Denmark. Their long-standing partnership has been built on a solid track record of delivering over 1,000 kilometers of reliable cable solutions to the Danish market.
The surge in demand for ultra-high-voltage cables in Europe is largely driven by the expansion of offshore wind farm projects and the ongoing transition from overhead lines to underground cables. LS Eco Energy is strategically positioned to capitalize on this growth, anticipating a steady flow of orders in the coming years.
Lee Sang-ho, CEO of LS Eco Energy, emphasized the company’s commitment to meeting the burgeoning demand across Europe. “In addition to constructing offshore wind farms, there is a booming demand for cables due to the undergrounding of existing overhead lines in Europe,” Lee stated. “We are actively aiming to capture this high-value ultra-high-voltage cable market.”
This latest contract not only reinforces LS Eco Energy’s leadership in the high-voltage cable sector but also highlights its crucial role in supporting Europe’s transition to renewable energy infrastructure.
