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South Korea

South Korea

Hyundai and Hyosung to make wind turbines in Korea

Korea is quickly expanding its profile on the wind power stage. Shipbuilding giant Hyundai Heavy Industries (HHI) and industrial conglomerate Hyosung are leading a consortium to manufacture turbines and develop wind plant. HHI is constructing a wind turbine factory in Gunsan City, on Korea's western coast, due for completion in February. HHI is partnering with Hyosung to produce wind turbines and recently obtained a licence from Canadian wind turbine manufacturer AAER to manufacture a 1.65 MW model. Stepping up their technology, the Korean firms hope to install about 100, 2 MW onshore and offshore turbines across the country by 2012. Korea Southern Power will oversee power distribution. HHI, whose mainstay shipbuilding business has recently suffered a plummet in new orders and is threatened by Chinese competitors offering lower prices, hopes to gain experience in the Korean wind power market before a push into overseas markets. Meantime, fellow shipbuilding giant Samsung Heavy Industries is also entering the wind power market with plans for a large scale onshore wind turbine, according to British transmission engineering consultancy Romax Technology, which is assisting in development. No turbine size was disclosed and Samsung declines to comment.

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