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SK Eco Plant, CIP and Ulsan floating offshore wind farm Haeul join hands for project

By: Chloe Emanuel 03/06/2024 SK Eco Plant

Floating General Windfarms

SK Eco Plant and SK Ocean Plant, a subsidiary specialising in offshore wind power, are participating in the ‘Haeuli Offshore Wind Power Project’, a project to create floating offshore wind power in Ulsan. SK Eco Plant plans to create synergy by transporting and installing the substructure (floating body) manufactured by SK Ocean Plant.

SK Eco Plant announced on the 2nd that it signed a 'business agreement for collaboration in the field of production, transportation and installation of the substructure of the Haeul-i project' with Haeul-i Offshore Wind Power Co., Ltd. at its headquarters in Susong-dong, Jongno-gu, Seoul on May 31.

The agreement ceremony was held on this day with the participation of officials from each company, including Kim Jeong-hoon, CEO of SK Eco Plant Solutions BU, Lee Seung-cheol, CEO of SK Ocean Plant, and Jonathan Spink, CEO of Haeul I-Offshore Wind Power Co., Ltd.

Haeul Lee Offshore Wind Power Co., Ltd. is the Ulsan offshore wind power project corporation of CIP (Copenhagen Infrastructure Partners), a global green energy investment management company. The 'Haeul Project' is a large-scale project to create a 1.5 GW floating offshore wind power complex in the waters east of Ulsan.

With this agreement, SK Eco Plant and SK Ocean Plant promised mutual cooperation and support for the success of the ‘Haeul Project.’ In detail, SK Eco Plant plans to share know-how in the transportation and installation of floating bodies and support supply chain optimisation measures based on its experience in various marine construction and engineering projects at home and abroad.

SK Ocean Plant will strengthen cooperation in the field of floating body manufacturing based on its offshore wind structure manufacturing technology and supply capabilities recognised in the global market. In particular, SK Ocean Plant is building a new production base specialised in offshore wind power structures measuring 1.57 million square metres in the Donghae-myeon area of Goseong-gun, with the goal of completion by the end of 2026. The new production base will have the capacity to produce all offshore wind power structures, including jackets, which are fixed substructures, floaters, which are floating substructures, and offshore substations.

Seung-cheol Lee, CEO of SK Ocean Plant, said, “The domestic and overseas floating offshore wind power market is expected to expand significantly after 2027 when the new production base is completed.” He added, “Based on a solid partnership with Haeul Lee Offshore Wind Power Co., Ltd., the existing fixed lower part is expected to expand significantly.” “We will strive to become a global leader not only in the structures but also in the floating body market,” he said.

Kim Jeong-hoon, CEO of SK Eco Plant Solutions BU, said, “SK Eco Plant has secured a value chain ranging from offshore wind power business development to EPC (engineering, procurement, construction) and core equipment manufacturing,” adding, “We are creating synergy with SK Ocean Plant, a subsidiary specializing in offshore wind power. “Based on this, we will expand our influence in the field of offshore wind power substructures and floating body transportation and installation,” he said.

For more information about offshore wind farm projects across the globe, click here.

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SK Eco Plant, CIP and Ulsan floating offshore wind farm Haeul join hands for project

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