Daehan Green Power Signs MOU with Stone Quarry Owner in Yeonggwang, Jeonnam... "Securing Essential Equipment for Offshore Wind Power Project"

[Asia Economy Reporter Hyunseok Yoo] Daehan Green Power announced on the 31st that it has signed a Memorandum of Understanding (MOU) with Taeyoung LLC, which owns a quarry in Yeonggwang, Jeollanam-do. Through this MOU, Daehan Green Power will be able to secure large-scale stones and sand for offshore wind power generation from the quarry owned by Taeyoung.

A company official stated, “To install wind turbines on the West Coast, where the tidal range is large, it is necessary to first construct roads accessible by trucks and cranes,” adding, “Securing the quarry, which is one of the key factors for the success of the Yeonggwang offshore wind project, allows us to supply essential materials for road construction.”

Daehan Green Power is jointly developing the Yeonggwang Duuri Offshore Wind Power Complex, a total 300MW offshore wind power project, with its parent company Daehan Green Energy. The Yeonggwang offshore wind power project involves developing a large-scale offshore wind farm in the shared waters of Yeomsan-myeon, Yeonggwang-gun, Jeollanam-do. Starting with the 50MW Yawol Offshore Wind Power Complex, the 100MW Duuri Offshore Wind Power Complex and the 160MW Chilsan Offshore Wind Power Complex projects will be successively promoted.

A company official explained, “By securing stone materials such as stones and sand, whose prices are continuously rising, in advance, we expect significant cost savings in materials and logistics through cost reduction,” and added, “In the future, profitability improvement is expected across all areas, including offshore wind power project EPC business as well as power generation and maintenance businesses.”

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