SEOUL, Feb. 17 (Korea Bizwire) — Hyundai Electric & Energy Systems Co., a unit of top shipbuilder Hyundai Heavy Industries Co., has teamed up with a foreign company to launch into the offshore wind power market.
The company on Wednesday signed a memorandum of understanding with GE Renewable Energy, a division of U.S. industrial giant General Electric, to step into the offshore wind power turbine manufacturing and related business.
GE Renewable Energy has the world’s largest wind power turbine manufacturing technology, topping out at 15 megawatts (MW).
The two parties will produce 12-15 MW offshore wind power turbines that are best-optimized for South Korea’s geological characteristics.
When it comes to wind power generation, the amount of power and the efficiency of power generation depend on the size of a turbine’s blade.
Unlike in Europe where large turbines are commercialized, South Korea’s turbine technology remains between the 5 MW and 8 MW level.
The two companies will join forces to promote the localization of wind power turbine components as well as to bid on the government’s wind power generation projects.
Kevin Lee (email@example.com)