Gaon Cable said Monday that it will supply approximately 17 billion won worth of ACF (integrated pipe-type) cables for major domestic floating solar projects, including Seokmokho and Saemangeum Hyeotbitnabum. This marks Gaon's first floating solar project order.
Following its supply of ACF for the 2023 Bigeumdo land-based solar project, Gaon has expanded its application scope to include floating solar projects. ACF is an integrated pipe-type cable that applies a protective aluminum sheath around the exterior of power cables. It can be laid without separate piping, reducing construction processes and shortening the construction period.
To respond to the large-scale development of floating solar power plants, Gaon has developed large-specification and long-distance products. This is a solution that enhances constructability and maintenance efficiency tailored to the characteristics of Lee Rwo-ji-neun floating solar projects constructed on water surfaces.
In Korea, as large-scale floating solar projects are being promoted, demand for related infrastructure is expected to expand. The government plans to create a total of 1.2GW (gigawatts) of floating solar power plants at Saemangeum by 2030.
Through this supply, Gaon aims to expand its participation in follow-up projects and accelerate its penetration into the domestic floating solar market.
Gaon is expanding its high-value-added special cable business centered on large-scale power infrastructure markets such as AI (artificial intelligence) data centers, solar power plants, and power generation facilities. The strategy is to strengthen market competitiveness by leveraging differentiated product lines including ACF, low-friction cables, and cable buses.
Jeong Hyun, president of Gaon Cable, said, "We will continue to expand the application of ACF not only in renewable energy fields such as floating solar but also in various power infrastructure fields including railways and roads."
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