Daewoo E&C Launches 240MW Offshore Wind Power Project at Gulupdo
C&I Leisure Industry-SK D&D Three-Party MOU
Daewoo E&C announced on the 13th that it signed a joint development memorandum of understanding (MOU) for the Gulupdo offshore wind power project with C&I Leisure Industry and SK D&D at COEX in Samseong-dong, Seoul on the 10th.
Through this agreement, Daewoo E&C, C&I Leisure Industry, and SK D&D will jointly promote all aspects of the project, including investment, financing, and permits for the Gulupdo offshore wind power project. The three companies plan to establish a special purpose company (SPC) and officially launch the project.
The Gulupdo offshore wind power project involves creating a wind power complex with a capacity of approximately 240 MW near Gulupdo, Ongjin-gun, Incheon City, with an estimated total project cost of about 1.3 trillion KRW. The SPC will construct offshore wind power generation facilities and grid connection infrastructure, operate them for 20 years, with construction starting in 2025 and commercial operation targeted for 2028.
Since 2011, Daewoo E&C has developed a fixed-bottom substructure system capable of safely and economically supporting wind turbines and towers of 3 MW or more in waters up to 40 meters deep through national projects, applying it to the Southwest Sea offshore wind demonstration complex. Additionally, the company has developed a new type of offshore wind concrete suction bucket foundation, which offers advantages such as better deformation and fatigue resistance compared to steel, strong corrosion resistance, and faster installation, demonstrating its design and construction capabilities in offshore wind power generation.
C&I Leisure Industry obtained the offshore wind power project permit for the area in 2020. SK D&D has experience in developing and constructing wind power projects such as the Jeju Gasiri Wind Power (30 MW) and Gyeongbuk Uljin Wind Power (54 MW).
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Kim Chang-hwan, Head of New Business Division at Daewoo E&C, stated, "Following our mid- to long-term strategy, we will actively participate in various renewable energy businesses such as wind power, solar power, and hydrogen fuel cells based on ESG (Environmental, Social, and Governance) management to grow into a sustainable company."
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