SeAH Wind Wins 1.5 Trillion KRW Offshore Wind Substructure Order in the UK

With key stakeholders from SeAH Wind and Vattenfall in attendance, Seonghwal Son, CEO of SeAH Wind (second from the left in the front row), and Catrin Jung, Head of Offshore Wind at Vattenfall (third from the left in the front row), are signing the offshore wind substructure supply contract. Photo by SeAH Steel Holdings

SeAH Steel Holdings announced on the 14th that SeAH Wind, a subsidiary manufacturing offshore wind substructures, has secured a supply contract worth 1.5 trillion KRW in the UK.

SeAH Wind signed a contract to supply XXL monopile substructures worth approximately 1.49 trillion KRW (about 900 million pounds) for the world's largest offshore wind power project, the 'Norfolk Vanguard Project,' commissioned by the Swedish state-owned power company Vattenfall.

The 'Norfolk Vanguard Project' is a large-scale offshore wind farm development located 47 km off the southeast coast of the UK. The power generation capacity is 2.8 GW (gigawatts), which will supply the daily electricity consumption needed for about 1.95 million households.

SeAH Wind will sequentially supply XXL standard offshore wind monopile substructures with a maximum outer diameter of 11 m, length of 95 m, and weight of 2,250 tons to the 'Norfolk Vanguard Project' by the end of 2027.

The monopile substructure products supplied by SeAH Wind will be installed in the deep waters of the North Sea, where strong currents prevail, and the company explained that they have the advantage of being highly resistant to corrosion. SeAH Wind is the only offshore wind monopile substructure supplier in the UK.

Currently, a production plant is being established on a site of about 30,000 pyeong in the Teesside area of northeast England, with commercial production scheduled to begin in the first half of 2025. Following last year's contract for the 'Hornsea 3 Project,' SeAH Wind has secured production volume for the next three years after the plant's completion by consecutively winning the 'Norfolk Vanguard Project' contract.

Son Seong-hwal, CEO of SeAH Wind, stated, "This large-scale order has become an opportunity to prove SeAH's manufacturing technology for offshore wind substructures and its competitiveness in the global offshore wind industry." He added, "Based on the production plant being established locally in the UK, we will grow into the world's largest offshore wind substructure manufacturing company."

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