News | September 10, 2020

Doosan Heavy Industries & Construction To Cooperate With Korea National Oil Corporation On Construction Of Floating Offshore Wind Farm

  • Doosan signs MOU for cooperation on implementation of Korean supply system for Donghae 1 Floating Offshore Wind Farm project.
  • Phased construction of 6GW floating offshore wind farms to take place in Ulsan and southeastern region starting in 2023

Doosan Heavy Industries & Construction announced on September 10th that it had signed an MOU with Korea National Oil Corporation (KNOC) to cooperate on the implementation of a Korean supply system for the Donghae 1 Floating Offshore Wind Farm project. The signing ceremony held at KNOC’s head office was attended by KNOC President & CEO Su Yeong Yang, Doosan Heavy’s President & COO Yeonin Jung and related parties from both companies.

Under the terms of the MOU, KNOC will share the project plans and permit-related matters and begin development of the power plant complexes to facilitate rapid commercialization, whereas DHIC will manufacture the floating offshore wind turbine generators.

“We aim to achieve a successful project by combining KNOC’s commitment to fostering the floating offshore wind farm industry and Doosan Heavy’s offshore wind power technology. We plan to continue upgrading offshore wind farm technologies suitable to the domestic environment in line with the Green New Deal policy and to contribute to promoting the industrial ecosystem in Korea,” announced Doosan Heavy’s CEO Yeonin Jung.

According to the “Offshore Wind Farm Plan” announced in July, the Korean government plans to construct floating offshore wind farms with a capacity of 6GW in Ulsan and the southeastern region beginning in 2023. The floating offshore wind power generation capacity is expected to increase from the current 100MW to 19GW by 2030.* (*2020 Global Wind Energy Council Report)

Doosan Heavy has set itself the target of increasing the annual sales of its offshore wind power generation business to one trillion won or more by 2025. It also plans to increase its investments in R&D and production facilities in step with the ongoing expansion of the Korean market.

Source: Doosan Heavy Industries & Construction