KOTRA Partners with World No.1 Vestas to Support Overseas Expansion of Wind Turbines

Korean 23 Companies Offered Consultation Opportunities on Vestas Vendor Registration Qualifications and Procedures

KOTRA announced on the 15th at 10 a.m. that it will hold the 'Vestas Supplier Day.' Vestas is a company that has installed wind turbines totaling over 164GW in 87 countries. It also holds the number one market share in Korea at 34.3%.

Earlier, Vestas made an investment decision in Korea at the Davos, Switzerland meeting last January. To establish a wind power manufacturing hub in Korea, it began identifying promising domestic suppliers together with KOTRA.

The event will be attended by Sabrina Miersson Meinecke, Deputy Ambassador of the Embassy of Denmark in Korea, Choi Yeon-woo, Director of Renewable Energy Policy at the Ministry of Trade, Industry and Energy, and Kim Ki-hyun, Director of New Industry Policy at Seoul Metropolitan Government.

President Yoon Suk-yeol delivering a speech at the 'Vestas Investment Declaration Ceremony' held at a hotel in Davos, Switzerland, on January 18 (local time). On the left is Henrik Andersen, CEO of Vestas.
[Image source=Yonhap News]

The Korea Energy Agency will introduce domestic offshore wind support policies. Vestas headquarters' purchasing team will present business plans for the Korean market. They will provide consulting on vendor registration qualifications and procedures to 23 participating domestic companies. Tommy Ravek Nielsen, Chief Operating Officer (COO) of Vestas, is expected to explain the importance of the Korean market and deliver a message emphasizing collaboration with domestic companies.

KOTRA, together with the Korea Institute of Energy Technology Evaluation and Planning, is promoting 'Offshore Wind Technology Development R&D Consulting.' The plan is to enhance corporate competitiveness and lay the groundwork for overseas expansion.

Jung Woi-young, Head of KOTRA's Innovation Growth Headquarters, stated, "We will create real opportunities for Korean companies to cooperate with Vestas in the Korean market and continuously support their advancement into third countries together with Vestas."

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