In a significant development for the offshore wind industry, a Danish shipping and logistics group has announced plans to partner with a leading wind turbine maker to establish a nacelle factory and logistical base in South Korea.
The memorandum of understanding, signed in the presence of local government officials, outlines the aim to establish a competitive and sustainable industrial supply chain for offshore wind in South Korea. The partnership aims to forge local collaborations and receive administrative and financial support from provincial and city authorities.
South Korea’s government has been actively promoting offshore wind power projects, with ambitious plans to expand capacity deployment significantly by 2036. The investment plan with the wind turbine manufacturer is contingent upon market growth and awarded volume.
The chief of operations at the wind turbine manufacturer expressed optimism about South Korea’s offshore wind market, highlighting its potential to become a hub for accelerating offshore wind energy. He emphasized the strong technology offering and recent commercial traction in the country.
The chief executive of the Danish shipping and logistics group hailed the partnership as a positive step for project logistics in the Asia Pacific region. He underscored the company’s commitment to delivering end-to-end logistics solutions and promoting a green, sustainable future.
The investment details are currently being finalized, with further information expected to be revealed once the plan is solidified.
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