Revolution in renewable energy: Partnership between giants Hyundai and GE Renewable Energy in manufacturing the largest wind turbines in the world promises to generate 12 gigawatts of clean energy

Renewable energy: Hyundai partners with General Electric Renewable Energy Offshore to manufacture generators for Haliade-X, the largest wind turbine in the world

Hyundai Electric, an electrical systems spin-off of South Korean shipbuilding giant Hyundai Heavy Industries Co., announced at the end of December which signed a “strategic partnership to enter the offshore wind market” with giant turbine manufacturer GE Renewable Energy.

The contract signing event was attended by Hyundai Electric President Cho Seok, GE Renewable Energy Offshore Wind CCO Fabrice Kermogant, US Ambassador to Korea Philip Goldberg and Deputy Minister of Commerce, Industry and Power Park Il-joon.

The two companies will collaborate in the production and marketing of offshore wind energy products in domestic and foreign markets, and will help support Korea in achieving its nationally determined contribution target (NDC's).

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Hyundai will manufacture generators, equipment and parts to equip the largest wind turbine on the planet, GE's Haliade-X

Hyundai will be responsible for producing generators, which are key components of GE's giant wind turbine called Haliade-X. It will also promote the manufacturing of various equipment and parts.

Turbine manufacturer GE will cooperate with Hyundai in obtaining orders from domestic and foreign customers and help support Korea in achieving its goal of clean energy nationally determined contributions (NDCs).

The two parties also signed a letter of intent to establish a joint venture (JV) that will support order-taking efforts to expand the energy market with offshore wind turbines.

Korea wants to reduce the use of fossil fuels and nuclear power

In an effort to reduce the use of fossil fuels and nuclear energy for electricity generation, South Korea is gradually switching to renewable energy sources. The Seoul government has endorsed a series of projects to build clean energy facilities, including solar power plants and wind farms, on land and offshore.

Recently, the Ministry of Commerce, Industry and Energy announced plans to create a 12 gigawatt offshore wind power cluster in Korea by 2030.

“By incorporating GE's global know-how and technology into our operations, we will increase our competitiveness to win more orders,” said Hyundai President Cho Seok.

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