GE , Hyundai join hands for offshore wind development in South Korea

GE Offshore Wind and Hyundai Electric have entered into a partnership for the offshore wind project in South Korea.

They already signed a Memorandum of Understanding for the establishment of a nacelle assembly factory for putting together HaliadeX turbines.

It has been reported that the latest development is a part of plans "for a strategic industrial partnership to support the growth of offshore wind in South Korea."

GE offshore wind chief executive Jan Kjaersgaard commented, "The companies’ strengths complement each other, and both will bring our unique expertise to support the development and installation of the 12GW of offshore wind forecasted to be built in South Korea by 2030."

He further stated that for the project, GE Renewable Energy will bring its offshore expertise while Haliade-X technology, and Hyundai Electric will utilize their local expertise in Korean market knowledge and electrical equipment.

"GE and Hyundai Electric & Energy Systems will intensify the work to prepare and deploy our industrial plan, and we look forward to sharing further details on the next steps from an industry standpoint in line with customer commitments during the remainder of 2022," he further remarked, as per a local report.

The partners are moving forward with a common commitment to contribute in growth of offshore wind in South Korea.