Hanwha Ocean has signed an engineering, procurement, and building (EPC) contract value 2.64 trillion received for the Sinan Uui offshore wind energy era undertaking, marking its full-scale entry into the offshore wind enterprise.
The corporate introduced on Dec. 23 that it has signed the EPC contract for the Sinan Uui offshore wind energy era undertaking. This undertaking shall be collectively executed by Hanwha Ocean and Hyundai Engineering & Development. The whole contract quantity is 2.64 trillion received, with Hanwha Ocean’s contract quantity being 1.9716 trillion received and Hyundai Engineering & Development’s contract quantity being 668.4 billion received.
The Sinan Uui offshore wind undertaking includes the development of a 390MW offshore wind complicated within the southeastern waters off Uui Island in Sinan County, South Jeolla Province. That is an offshore wind energy era undertaking led by home firms, with Korea Midland Energy, Hyundai Engineering & Development, and SK Eternix taking part as shareholders.
The Sinan Uui offshore wind energy era capability can produce 1,052GWh of electrical energy yearly, equal to the quantity of electrical energy that roughly 292,500 four-person households can use for one yr.
Hanwha Ocean plans to immediately assemble and deploy a wind turbine set up vessel (WTIV) able to putting in 15MW-class generators for the primary time in Korea for this undertaking. Hyundai Engineering & Development will collectively proceed with Hanwha Ocean on main processes together with manufacturing and putting in decrease basis constructions, laying submarine cables with a complete size of 32.5km, and setting up offshore substations and onshore monitoring homes. The development interval is roughly three years, with operations focused to start in 2029.
With the graduation of the Sinan Uui offshore wind undertaking, Korea’s offshore wind business is anticipated to enter a full-scale progress section. The federal government beforehand introduced plans to develop basis infrastructure together with ports and vessels to realize the aim of deploying 25GW of offshore wind energy by 2035, ten years from now.
Philippe Levy, president of Hanwha Ocean’s Power Plant Enterprise Division, emphasised, “The Sinan Uui offshore wind EPC contract represents an vital turning level for Hanwha Ocean to develop its enterprise scope past shipbuilding and offshore into the eco-friendly power infrastructure sector. Primarily based on our capabilities spanning from design to building, set up, and operation, we’ll considerably contribute to revitalizing Korea’s offshore wind enterprise ecosystem and realizing carbon neutrality.”
