HD Hyundai Heavy Industries wins contract for 500-MW offshore substation in Taean
HD Hyundai Heavy Industries has signed a contract to build an offshore substation for a wind farm in waters off Taean, South Chungcheong Province, as it expands its presence in the offshore wind market. The company announced on Friday that it recently signed a contract with Taean Wind Power to carry out the engineering, procurement, fabrication, installation and commissioning of an offshore…
South Korean engineering firm HD Hyundai Heavy Industries has secured a significant contract to construct an offshore substation for a 500-MW wind farm located off Taean in South Chungcheong Province. The company announced on Friday that it had entered into an agreement with Taean Wind Power, a joint venture comprising Singapore's Vena Energy, Denmark's Copenhagen Infrastructure Partners (CIP), and South Korea's Korea Western Power.
An offshore substation is a crucial component of an offshore wind farm, serving to elevate the voltage of the electricity generated by turbines before it is transmitted to the mainland grid. HD Hyundai Heavy Industries secured this contract through a sequence of agreements, commencing with a front-end engineering design contract in March, followed by a preferred supplier agreement.
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