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Renewable Energy: Hyundai Closes Partnership With General Electric Renewable Energy Offshore to Manufacture the Generators of the Haliade-X, the Largest Wind Turbine in the World
Hyundai Electric, a spin-off of electrical systems from the South Korean shipbuilding giant Hyundai Heavy Industries Co., announced at the end of December that it signed a “strategic partnership to enter the offshore wind energy market” with the turbine giant GE Renewable Energy.
The contract signing event was attended by Hyundai Electric President Cho Seok, GE Renewable Energy Offshore Wind CCO Fabrice Kermogant, U.S. Ambassador to Korea Philip Goldberg, and Vice Minister of Trade, Industry, and Energy Il-joon.
The two companies will collaborate on the production and marketing of offshore wind energy products in domestic and international markets, and will help support Korea in achieving its Nationally Determined Contributions (NDCs).
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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.
The turbine manufacturer GE will cooperate with Hyundai in securing orders from domestic and foreign customers and will help support Korea in achieving its Nationally Determined Contributions (NDCs) for clean energy.
The two parties also signed a letter of intent to establish a joint venture (JV) that will support order-taking efforts to expand the offshore wind energy market.
Korea Aims to Reduce Fossil Fuel and Nuclear Energy Use
In an effort to reduce the use of fossil fuels and nuclear energy for electricity generation, South Korea is gradually transitioning to renewable energy sources. The Seoul government has endorsed a series of projects to build clean energy facilities, including solar power plants and onshore and offshore wind farms.
Recently, the Ministry of Trade, Industry, and Energy announced plans to create a 12-gigawatt offshore wind energy cluster in Korea by 2030.
“By incorporating GE’s global know-how and technology into our operations, we will enhance our competitiveness to win more orders,” said Hyundai President Cho Seok.
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