Shortcut to Body Shortcut to main menu

Investment News

SK oceanplant to invest $850 mn in offshore wind power structure facility
Date
2024.06.27

[Courtesy of SK oceanplant]


According to Pulse by Maeil Business News Korea,

South Korea’s SK oceanplant announced on Tuesday its plan to invest 1.12 trillion won ($850 million) in constructing a specialized production facility for floating offshore wind power substructures. This investment aims to address the rapidly growing global offshore wind energy market. The facility will be located in Yangchon and Yongjeong districts of Donghae-myeon, Goseong County, Gyeongnam Province, with the completion target set for December 2026.

SK oceanplant has established itself as a prominent player in both domestic and international offshore wind power substructure markets. The company is set to supply all 38 jacket substructures for the Anma Offshore Wind Project, the country’s first large-scale offshore wind farm. These structures are critical components of offshore wind turbines, consisting of jackets and pin piles, with the jackets reaching heights of up to 74 meters and weights up to 1,850 tons.

Since 2019, SK oceanplant has been actively involved in Taiwan’s offshore wind farm development projects, producing and delivering about 200 substructures to date. The company holds a 44 percent market share in Taiwan’s offshore wind substructure market.



By Kim Hee-soo and Minu Kim


Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.



Source: Pulse by Maeil Business News Korea (June 26, 2024)

Related News

    Meta information

    Services

    Invest Korea provides services support your investment journey.

    Find Nearby Invest Korea Offices

    Discover nearby offices for conventient access in your area

    Go to Overseas Office Site