HD Hyundai Heavy Industries has secured a contract to build an offshore substation for the Taean offshore wind farm, expanding its presence in the renewable energy sector.
The company signed the deal Friday with Taean Wind Power for engineering, procurement, manufacturing, installation and commissioning. The signing ceremony was attended by Won Kwang-shik, head of HD Hyundai Heavy Industries’ Offshore Energy Business Division, and Clement Helbig de Balzac, CEO of the Taean Wind Power project.
Taean Wind Power is a joint venture between Singapore-based renewable energy developer Vena Energy, Danish investment firm Copenhagen Infrastructure Partners and Korea Western Power.
The latest agreement follows a preliminary design contract in March and a preferred supplier agreement in July. The two sides finalized the main deal after completing detailed discussions.
The offshore substation will raise the voltage of electricity generated by turbines at a 500-megawatt wind farm planned near Gaeuido-ri in Taean, South Chungcheong Province, before transmitting it to land.
HD Hyundai Heavy Industries has also completed certification of its own offshore substation model. Norwegian classification society DNV verified its basic design last year and its detailed design in August. The model became the first domestic offshore substation design to receive both verifications under international regulations and standards.
The shipbuilder plans to apply its offshore plant expertise to wind power through the Taean project. It will also explore additional projects being developed in Korea by Vena Energy, CIP and Korea Western Power.
“We will carry out the Taean project based on our accumulated offshore plant expertise,” an HD Hyundai Heavy Industries official said. “We will pursue new opportunities in renewable energy and strengthen our competitiveness in the sector.”
jyoungseon8@heraldcorp.com
