Offshore Wind Power: HD Hyundai and Scottish Companies Announce Cooperation

Quick Summary:

South Korea's HD Hyundai Heavy Industries Co.announced on Wednesday that it signed a memorandum of understanding (MOU) with Scottish Enterprise and Highlands and Islands Enterprise for cooperation in offshore floating wind projects.

Offshore wind structures require designs and manufacturing processes that consider marine environments, leading shipbuilding companies with extensive experience in marine plants to primarily undertake such projects.

According to a Global Wind Energy Council (GWEC) report, the cumulative installed capacity of offshore wind power worldwide is expected to increase from 63.3 gigawatts (GW) in 2022 to 477 GW by 2032.

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Article Details

Category: Economy

Markets: South Korea

Topics: Industries Scottish Offshore Wind Structures Floating Hyundai Manufacturing Korea Announced Heavy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 15:44:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 210 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 20711623

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