HD Hyundai Heavy Industries announced on the 2nd that it recently held a contract signing ceremony with Taean Wind Power Co., Ltd. for a project to design, procure, manufacture, install, and commission the Taean offshore substation. Taean Wind Power Co., Ltd. is a joint venture between Singapore-based renewable energy company Vena Energy, Denmark-based green energy investment and development firm Copenhagen Infrastructure Partners (CIP), and power generation public enterprise Korea Western Power Generation.
The signing ceremony was attended by Won Gwang-sik, Head of the Marine Energy Business Division at HD Hyundai Heavy Industries, Clément Helbig de Balzac, Project CEO (Chief Executive Officer) of Taean Wind Power Co., Ltd., and other relevant parties. Following a preliminary design contract for this project in March of this year and a priority supply contract in July, HD Hyundai Heavy Industries has been recognized for its proactive offshore substation execution capabilities. After detailed negotiations, the two companies signed this definitive contract to officially launch the project.
An offshore substation is a core facility that transmits electricity generated by wind turbines installed in an offshore wind farm to land. The Taean offshore substation to be constructed will serve to step up the voltage of electricity produced at a 500MW (megawatt)-class offshore wind farm located in waters near Gaeuido-ri, Taean County, and transmit it onshore.
After obtaining basic design verification from DNV (Det Norske Veritas) for its self-developed 500MW-class offshore substation model in 2025, HD Hyundai Heavy Industries completed detailed design verification last August, becoming the first domestic offshore substation project to have its design suitability and safety recognized in accordance with international regulations and standards.
An official from HD Hyundai Heavy Industries stated, "Based on our accumulated marine plant capabilities, we will stably execute this offshore substation project," adding, "We will secure additional business opportunities in the new and renewable energy sector and strengthen our competitiveness in the related market."
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