Hyundai Engineering Signs MOU for Joint Promotion of Chujado Offshore Wind Power Project

Collaboration with Equinor Korea, LG Chem, POSCO E&C, SK Ecoplant, and Others

Hyundai Engineering will participate in the joint development of an offshore wind power project near Chuja Island, Jeju.

On the 31st, Hyundai Engineering announced that on the 30th, it signed a Memorandum of Understanding (MOU) for joint development cooperation of the offshore wind power project near Chuja Island, Jeju, with Equinor Korea, LG Chem, POSCO E&C, and SK Ecoplant.

At the 'Offshore Wind Power Project Business Agreement Ceremony near Chuja Island' held on the 30th, Huh Sung-woo, Vice President of LG Chem (from the left), Lee Dong-geol, Head of SK Ecoplant Business Unit, Bjorn Inge Bratten, CEO of Equinor Korea, Lim Kwan-seop, Head of Hyundai Engineering Plant Business Division, and On Sang-woong, Head of POSCO E&C Infrastructure Business Division, signed the agreement and took a commemorative photo.
[Photo by Hyundai Engineering]

With the signing of this MOU, the five companies including Hyundai Engineering will cooperate to promote two large-scale renewable energy projects: the ‘Hupoong Project,’ which combines fixed and floating offshore wind turbines with a total generation capacity of 1.5GW located 10 to 30 km west of Chuja Island, and the ‘Chujin Project,’ a 1.5GW fixed offshore wind power project located 10 to 20 km east of Chuja Island.

Bjorn Inge Bratten, CEO of Equinor Korea, who led the MOU signing, said, "The Hupoong and Chujin offshore wind projects are significant projects with great meaning for the Republic of Korea," adding, "We are very pleased to be able to collaborate with major domestic companies on the Hupoong and Chujin offshore wind projects near Chuja Island that Equinor is developing."

Im Gwansub, Head of the Plant Business Division at Hyundai Engineering, said in a congratulatory speech, “We will do our best to make this offshore wind power project a successful project by utilizing our capabilities and know-how so that it can serve as a model case of exemplary collaboration among global companies.”

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