Woori Technology and SK Construction Sign MOU... "Offshore Wind Power Complex to Begin in Earnest"

[Asia Economy Reporter Hyunseok Yoo] Woori Technology and its subsidiary CGO announced on the 19th that they have signed a technical cooperation memorandum of understanding (MOU) with SK Construction regarding the construction of a 400MW-scale power generation complex, which is the first phase of the ‘Donghae 1 Floating Offshore Wind Power Project’ promoted by Ulsan City.

This agreement was signed to establish smooth cooperation and supply lines among related companies from the early stages of the offshore wind power complex construction. Woori Technology and CGO were selected as suppliers for the Donghae 1 Floating Offshore Wind Power Project last September. The two companies are responsible for developing and supplying the floating body-generator linkage control system and for the transportation and installation of wind turbines and floating bodies, respectively.

A Woori Technology official said, “Woori Technology and CGO were already selected in May for the national project ‘Development of Core Technologies for Transportation and Installation for Floating Offshore Wind Power Demonstration’ led by the Ministry of Trade, Industry and Energy, and have been conducting joint research and technology development related to floating offshore wind power generation with Korea National Oil Corporation, Seoul National University, and others,” adding, “Since the technical completeness has improved during the execution of the national project, this floating offshore wind power project is expected to proceed smoothly.”

He continued, “The transportation, installation, and control system fields handled by Woori Technology and CGO account for about 20% of the power complex construction project, which is a key area,” and said, “This first-phase 400MW power complex construction project is a project with a total cost of 2.8 trillion KRW, and successfully completing it will establish a foothold to participate in the construction of a 6GW power complex worth 36 trillion KRW that Ulsan City plans to build additionally in the future.”

Ulsan Metropolitan City aims to establish a 6GW-class floating offshore wind power plant along the 50KM coastline of Ulsan by 2030 and signed an investment agreement last September with five domestic and international private companies, including SK E&S.

To promote the construction of the first-phase power complex, SK Construction and SK E&S recently completed the installation of floating wind measurement devices to collect wind data in the power complex project area and have begun full-scale preparations for the establishment of the 400MW power complex.

This content was produced with the assistance of AI translation services.