Hyosung Heavy Industries Signs Transformer Supply Contract with Australian Power Company Worth 35 Billion KRW

Contract Signed with Powerlink
Participation in Renewable Energy Transmission Infrastructure Project

Hyosung Heavy Industries is participating in the construction of a renewable energy power grid in Australia.

On the 11th, Hyosung Heavy Industries announced that it had signed a contract to supply transformers worth 35 billion KRW with Powerlink, the Queensland state government power company in Australia.

Through this contract, Hyosung Heavy Industries will participate as a key supplier in the Copperstring2032 project, a transmission network construction project that connects renewable energy power generated in inland Queensland to the eastern coast.

Hyosung Heavy Industries held a transformer supply contract signing ceremony with Australia's Powerlink. From the right, Woo Tae-hee, CEO of Hyosung Heavy Industries, and Daryl Lowell, CFO of Powerlink.
[Photo by Hyosung Heavy Industries]

The Queensland state government of Australia has set a goal to convert more than 70% of its total power generation to renewable energy by the 2032 Brisbane Olympics. Queensland has favorable conditions for renewable energy production such as solar power, with about 300 days of annual sunshine.

Hyosung Heavy Industries has been recognized as a total solution provider for product supply and maintenance in the Australian power market over the past decade. Last year, it participated in the construction of Australia's renewable energy power grid by supplying power equipment for the EnergyConnect project, a transmission network connecting South Australia and New South Wales.

Woo Tae-hee, CEO of Hyosung Heavy Industries, said, "Based on the know-how and competitiveness accumulated in the global transmission market, Hyosung Heavy Industries will contribute to Queensland becoming a world-class renewable energy hub."

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