Doosan Heavy Industries & Construction has signed a technical co-operation agreement with fellow South Korean company SK Engineering & Construction to collaborate on floating offshore wind projects
A signing ceremony to cement the agreement took place at SK Engineering & Construction’s headquarters on 18 November 2020. The agreement was signed by SK Engineering & Construction chief executive Jaehyun Ahn and Doosan Heavy Industries EPC business group chief executive Inwon Park.
The companies agreed to co-operate on floating offshore wind projects carried out by SK Engineering & Construction.
Under the terms of the agreement, SK Engineering & Construction is responsible for developing windfarm projects, including developing a business plan and obtaining licences and permits.
Doosan Heavy Industries & Construction will assume responsibility for technology development and for manufacturing key items of equipment for floating offshore windfarms.
Mr Park said, “Given rising interest in floating offshore windfarms, the signing of this agreement will open up more business opportunities for us in the market.
“We will pursue opportunities in floating offshore wind, including projects in the Ulsan and southeast region of South Korea, where we expect to see phased growth starting in 2023.”
Since May 2020, Doosan has been participating in a project led by the Korea Institute of Energy Technology Evaluation and Planning for the development of a floating offshore wind power generation system. It is working as part of a consortium formed with Korea South-East Power Company and Jeju Energy Corporation.
The companies cited a Global Wind Energy Council report on the market for floating offshore wind that foresees potential capacity of nearly 14 GW by 2030.
Doosan said it plans to invest in R&D and production facilities to expand its floating offshore wind power business.