DNV Inks MoU with Korea’s LS Cable & System to Target Subsea Cabling Services for Offshore Wind Market

To target emerging cabling opportunities in the offshore wind industry, an independent energy expert and assurance provider DNV has entered into a non-exclusive Memorandum of Understanding (MoU) with LS Cable & System, a power cable manufacturer.

The collaboration represents a new opportunity for DNV to extend its Dynamic Power Cables Assurance service offering to the cabling industry and to leverage the group’s longstanding technological expertise in the oil & gas and power industries for the rapidly expanding offshore wind market.

The MoU comes in response to growing global demand for high-voltage, next generation power cables with dynamic capabilities for near-shore and floating wind farms.

Thus, both the organisations agreed to leverage their collective resources, individual strengths and distinctive capabilities.

As part of the MOU, DNV will cooperate with LS Cable & System in identifying and reducing risk early in the cable manufacturing process, improving overall decision-making and helping secure pre-approval for floating power cabling products for offshore wind farm developers.

Commenting on the partnership, Brice Le Gallo, Regional Director for Energy Systems Asia Pacific at DNV, said “the partnership builds on DNV’s strengths with long offshore technology heritage and strong expertise in the power industry.”

Brice further explained “as offshore wind investments are still in its relatively early stages, the timing of the launch of our Dynamic Power Cables Assurance service offering is ideal. It will ensure that in the coming years of intense renewables build-up, new offshore wind farms will be fitted with safe, reliable and cost-effective electrical connections. We look forward to helping the energy industry solve the complex challenges posed by the rapid shift to a decarbonised global energy system while also assisting our customers identify emerging opportunities through the transition.”   

“This MOU reflects our shared capabilities and the work we are already doing in the offshore energy sector. By partnering with DNV, we can leverage on their cross-sector energy market capabilities and extensive digital expertise,” commented Seungki Park, Director for Energy Cable System Sales Division, LS Cable & System.