South Korea’s LS Cable & System (LS Cable) has signed a memorandum of understanding (MoU) with Norway’s Equinor to cooperate on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea.

A press release said that the collaboration aims to support the development of one of the world’s largest planned floating offshore wind farms, which is projected to deliver up to 750 MW capacity by 2030, approximately 70 km off the coast of Ulsan. The Bandibuli project is one of South Korea’s first large-scale floating offshore wind initiatives that is particularly suited to deeper waters.

The MoU was signed at the BIXPO 2024 event held at the Kim Dae-jung Convention Centre in Gwangju. LS Cable & System notes that it developed South Korea’s first dynamic submarine cable for floating offshore wind.

The wind farm recently entered into a Transmission Service Agreement with Korea Electric Power Corporation (KEPCO). The project calls for the deployment of Siemens Gamesa 15 MW wind turbine via an agreement that was signed in October.