GS Entec Signs MOU with UK’s Corio for Manufacturing Offshore Wind Substructures in Busan

Global Companies Sign Successive Business Agreements... Expanding New Ventures

Plant and power generation equipment manufacturer GS Entec is expanding its new offshore wind power equipment business by signing consecutive memorandums of understanding (MOUs) with global companies.

On the 20th, GS Entec announced on the 24th that it had signed a mutual cooperation MOU with Cory Generation, a global offshore wind power specialist development company of the UK Green Investment Group (GIG), for offshore wind power development in the Busan area. GS Entec is expected to support the production and timely supply of offshore wind power generator substructures in Busan. Offshore wind power substructures are key facilities that support the generators underwater.

Earlier, GS Entec entered the offshore wind power business by signing Asia's first strategic partnership with Sif, the world's number one offshore wind power substructure company based in the Netherlands, and introduced the Monopile manufacturing method. A Monopile is a cylindrical structure made by welding large thick steel plates. It is fixed offshore to erect wind power generators.

Kwon Tae-nyeon, Head of Offshore Wind Power Division at GS Entec (left), and Choi Woo-jin, General Manager of Corio Korea, are shaking hands after signing a business agreement for the development of offshore wind power in Busan.
[Photo by GS]

In May, Cory Generation signed an MOU with Daewoo Construction for the development of offshore wind power in Busan and recently sponsored a Korea-UK offshore wind power supply chain cooperation workshop. Cory Generation is building a supply chain with locally based offshore wind power technology companies and plans to use this to supply equipment and parts for the Busan offshore wind power generation project in the future. In the long term, it aims to contribute to regional economic revitalization such as job creation in the Busan area and Busan City's climate change response.

Choi Woo-jin, General Manager of Cory Korea, said, "Busan already has a wide range of companies involved in all stages of the offshore wind power business, including investigation, design, procurement, and construction," adding, "Creating business with local companies and helping them enter overseas markets for mutual growth is a practical contribution to the regional economy and a realistic response to the climate crisis."

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