
AI-generated summary
HD Hyundai Heavy Industries signed a project preliminary design contract with Taean Wind Power Generation last March, and signed a priority supply contract in July. This contract was concluded on this basis.
HD Hyundai Heavy Industries announced on the 2nd that it signed a contract with Taean Wind Power Co., Ltd. on the 1st for a project to carry out the design, procurement, production, installation, and test operation of the Taean Offshore Substation.
Taean Wind Power Co., Ltd. is a joint venture between Singapore renewable energy company Vina Energy, Danish green energy investment and development company Copenhagen Infrastructure Partners (CIP), and Korea Western Power, a public power generation company.
HD Hyundai Heavy Industries signed a priority supply contract in July following a project pre-design contract in March, and concluded this main contract after detailed discussions.
Offshore substations are key facilities that transmit electricity produced by wind power generators installed in offshore wind farms to land.
The Taean offshore substation to be built this time will increase the voltage of electricity produced at a 500 MW (megawatt) offshore wind power complex to be installed in the sea near Gaui-dori, Taean-gun and transmit it to land.
HD Hyundai Heavy Industries obtained basic design verification for its self-developed 500 MW offshore substation model from the Norwegian Register (DNV) last year, and completed detailed design verification last August, becoming the first domestic offshore substation project to be recognized for the suitability and safety of the design in accordance with international regulations and standards.
HD Hyundai Heavy Industries plans to use this project as an opportunity to seek ways to cooperate in follow-up projects to the domestic offshore wind power project being promoted by Singapore's Vina Energy, Denmark's CIP, and Western Power.
An official from HD Hyundai Heavy Industries said, "We will stably carry out this offshore substation project based on our accumulated offshore plant capabilities," and added, "We will secure additional business opportunities in the new and renewable energy field and strengthen our competitiveness in the related market in the future."
AI outlook โ possibilities, not facts
If HD Hyundai Heavy Industries succeeds in the Taean offshore substation project, it will win additional orders from Singapore's Vina Energy, Denmark's CIP, and Korea Western Power's follow-up offshore wind power projects.
Likely ยท Within months

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