Scotland’s Deputy First Minister Shona Robison has welcomed the signing of an agreement with HD Hyundai Heavy Industries that will unlock expertise in the design and manufacture of substructures for the floating offshore wind sector
The agreement between the company and Scottish Enterprise and Highlands & Islands Enterprise was described as a “vote of confidence” in Scotland, committing the parties to pursue opportunities for floating offshore wind projects here. It is the company’s first agreement in Europe on floating offshore wind manufacturing.
HD Hyundai Heavy Industries is the world’s largest shipbuilding company and a major manufacturer of equipment such as the floating substructures that form a key part of the multi-billion offshore wind supply chain.
The latest in a series of key developments in the sector, the memorandum of understanding follows the First Minister’s announcement of strategic investment of up to £500M (US$623M) over the next five years to unlock private investment in ports, manufacturing and assembly work to anchor the offshore wind supply chain in Scotland.
It also builds on recent announcements of international investment into the renewable energy supply chain, including the planned £350M Sumitomo cable factory in the Port of Nigg, based in the Inverness and Cromarty Firth Green Freeport area. Up to £25M of funding has been committed to this project by the Scottish government, Scottish Enterprise and Highlands & Islands Enterprise.
The Deputy First Minister said, “This partnership agreement is a vote of confidence in Scotland and our offshore wind industry – demonstrating our ability to develop the international relationships upon which investment that will help us reach our climate targets is founded.
“Scotland’s offshore wind sector is key to our transition to net zero and this partnership is the next step forward in realising the economic opportunities from our floating offshore wind potential.
“Scottish Enterprise and Highlands and Islands Enterprise are playing a vital role in supporting a fair and just transition for the energy sector. Collaborations between our economic development agencies and global leaders with world-class expertise, such as HD Hyundai Heavy Industries, are key to delivering that ambition. This collaboration will play a key role in helping Scotland meet its climate targets.”
HD Hyundai Heavy Industries senior vice president corporate planning and wind energy business, Hannae Choi said, “We are exploring ways to collaborate with various partners to develop the offshore wind market, including establishing a manufacturing supply infrastructure. We plan to expand the market by leveraging our world-class know-how in designing and manufacturing floating structures.”
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