With wind turbines increasing in size, installed at greater distances from the mainland, and greater depths, submarine cables are facing new challenges. Materials and technologies used so far for the production of submarine cables with lead, aluminium, or copper sheaths make them unsuitable or even obsolete for modern solutions such as floating wind farms. The article discusses types of submarine cables, their construction, working conditions, and operational factors, with emphasis placed on the role of the radial water barrier. The focus has been placed on dry and semi-dry designs. The article is also devoted to a discussion regarding directions of further development, possible materials, and constructions that may appear in the future. Current research and results regarding the use of multi-layer coatings with the use of thermoplastic block copolymers for the layer with high moisture absorption are also presented.