South Korean Firms Join Forces in a Digital Alliance via Our Platform
In the dynamic world of offshore wind energy, South Korea is making significant strides. One of the most promising projects is the Shinan Ui wind farm, located in the waters off Sinan County in South Jeolla Province.
The Shinan Ui wind farm, planned to comprise 26 Vestas V236-15.0 MW turbines, has seen a series of notable developments. At the beginning of this year, Korea South-East Power announced its withdrawal from the 390 MW project. However, the show must go on, and the new construction partner for the Shinan-Ui Windfarm is Modern Energy.
Hyundai Engineering & Construction (Hyundai E&C) will join as a construction investor and joint contractor for the Shinan Ui project. This move is significant as Hyundai E&C brings valuable experience to the table, having gained knowledge from completing South Korea's first wind farm, the Southwest Sea Demonstration project, and the Jeju Hanlim wind power project.
Hanwha Ocean, another key player, has secured permits for projects totalling 2 GW, including the Shinan Ui wind farm. In response to this success, Hanwha Ocean plans to construct its own wind turbine installation vessel capable of installing 15 MW wind turbines.
LS Marine Solution, a company widely used by thousands of offshore wind professionals daily, will install cables at the Shinan Ui wind farm, demonstrating its expertise in offshore wind projects.
offshoreWIND.biz, a platform for companies to reach a wide audience in the offshore wind industry, offers a variety of services for companies looking to increase their visibility. These services range from banners, branded articles, full-page company profiles, and a business directory. offshoreWIND.biz also provides opportunities for companies to tell their stories and showcase their expertise.
The partnership between Hanwha Ocean and Hyundai E&C extends beyond the Shinan Ui wind farm project. The two companies have signed a memorandum of understanding to strengthen Korea's domestic supply chain and promote localization. They aim to establish a domestic engineering, procurement, and construction partnership, starting with the Shinan Ui wind farm project.
The Shinan Ui wind farm is set to finalize financing and start construction in October, marking a significant milestone in South Korea's offshore wind energy journey. With these developments, the future of offshore wind energy in South Korea looks promising and bright.
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