Gaon Cable is fast-tracking its renewable energy expansion by entering the floating solar market.
The company will supply approximately KRW 17 billion worth of ACF cables to major domestic floating solar projects, including the Seokmun Lake Floating Solar Power Project and the Saemangeum Haetbit Nanum Project.
This marks Gaon Cable’s first order for a floating solar project, as well as the first time that ACF cables are being used in the floating solar field. The company previously supplied ACF cables to the Bigeumdo onshore solar project in 2023.
ACF cables are piping-integrated, featuring a protective aluminium sheath around the exterior. They can be laid without separate piping, simplifying construction and shortening the overall construction period.
Gaon Cable has been developing large-scale, long-distance products in response to the growing size of floating solar farms. These solutions are tailored to the unique characteristics of floating solar, where construction takes place on the water, and are designed to enhance both constructability and maintenance efficiency.
The government is promoting large-scale floating solar projects domestically, with plans to build a 1.2 GW farm in Saemangeum by 2030. With this contract under its belt, Gaon Cable plans to aggressively target the domestic floating solar market and participate in more follow-up projects.
Gaon Cable is expanding its high-value-added special cable business, focusing on large-scale power infrastructure markets such as AI data centres, solar power facilities, and power plants. The company aims to strengthen its market competitiveness by promoting its differentiated product lineup, including ACF and low-friction cables and cable buses.
Original announcement: LS Cable & System
Image: Courtesy of LS Cable & System
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