POSCO Expands Supply of Wind Power Materials to CS Wind

CS Wind Strengthens Cooperation with Global Offshore Wind Market through MOU
Establishes Partnership with Ørsted, the World's No.1 Offshore Wind Power Company
Creates Dedicated Department to Enhance Eco-friendly Energy Market Strategy
Launches Integrated Product and Solution Brand 'Greenable'

CS Wind is manufacturing wind tower structures using POSCO's heavy plate products. Photo by CS Wind

[Asia Economy Reporter Donghoon Jeong] POSCO is expanding its supply of eco-friendly materials for wind power generation to CS Wind, a manufacturer of wind towers.

According to POSCO on the 15th, the two companies signed a Memorandum of Understanding (MOU) on the 10th, attended by POSCO’s Park Eul-son, Head of Energy Shipbuilding Marketing, CS Wind’s Yang Seong-ho, CAO (Chief Administrative Officer), and POSCO International’s Oh Do-gil, Head of Energy Steel Business. They agreed to strengthen cooperation to expand entry into the global offshore wind market, which is expected to continue growing.

Under this agreement, POSCO will collaborate with POSCO International to supply 160,000 tons of 'Greenable Wind' branded steel plates for wind tower manufacturing to global wind tower projects involving CS Wind within this year.

POSCO has been supplying steel plates to CS Wind since 2015. The cumulative supply volume is expected to exceed 1 million tons by the third quarter of this year. CS Wind manufactures wind towers for onshore and offshore wind projects worldwide, mainly in Vietnam, Malaysia, Turkey, China, and Taiwan, and is expanding its global presence by acquiring Portugal’s ASM last year.

Wind power generation is a natural, pollution-free energy source and the most economical among alternative energy sources. South Korea is also promoting the creation of large-scale offshore wind farms domestically to foster the renewable energy industry ecosystem.

To expand the supply of eco-friendly wind materials, POSCO Group signed a comprehensive cooperation MOU last May with Ørsted, the world’s leading offshore wind power company based in Denmark, and is collaborating in offshore wind power generation and linked green hydrogen business by pooling group capabilities. Ørsted develops offshore wind projects and establishes green hydrogen production facilities in Korea. POSCO plans to supply steel materials necessary for offshore wind power plant construction and participate in green hydrogen production using wind power. POSCO Engineering & Construction will be responsible for offshore wind structure construction, and POSCO Energy will handle green hydrogen storage and hydrogen power generation.

Additionally, to respond to the rapidly growing eco-friendly energy industry, POSCO established a specialized sales department for solar and wind materials last year and launched the integrated brand for eco-friendly energy products and solutions, 'Greenable.' It continues to provide customers with structural analysis and welding optimization solutions for wind industry towers and substructures.

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