Page 9 - AsiaElec Week 07 2022
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AsiaElec RENEWABLES AsiaElec
Hyundai, GE to manufacture
Haliade-X in South Korea
SOUTH KOREA SOUTH Korea’s Hyundai Electric is to work the country’s use of fossil fuel and nuclear power
with Paris-based GE Renewables Energy to for electricity generation.
manufacture 12-15-MW Haliade-X wind tur- The Seoul government has endorsed a num-
bines suitable for offshore South Korea. ber of projects to build clean energy facilities,
Hyundai Electric said that its technology including solar power plants and wind farms,
would be combined with GE Renewable Ener- onshore and offshore.
gy’s Haliade-X turbine model to produce 12-15- It has set a target of installing 60 GW of
MW turbines through localisation projects renewable capacity by 2034. This will involve
sponsored by the South Korean government. generating around 12 GW from offshore wind
The two companies signed a Memorandum by 2030.
of Understanding (MoU) to form the strategic For example, a number of South Korean com-
offshore wind partnership in South Korea on panies led by KEPCO, Doosan Heavy Industries
February 16. & Construction and SK E&S have signed a $43bn
“We will secure differentiated competitive- deal to build what the South Korean government
ness in the offshore wind market through local- has said will be the world’s biggest offshore wind
ization and the production of large-scale wind power complex at 8.2GW.
turbines,” an unnamed Hyundai Electric official South Korean President Moon Jae-in said at
said. the G20 meeting on October 2021 that his coun-
”The companies’ strengths complement each try would end coal-fired power generation by
other, and both will bring our unique expertise 2050, as well as reach net zero by the same date.
to support the development and installation of Coal currently accounts for 40% of total
the 12 GW of offshore wind forecasted to be built generation and a quarter of emissions in South
in South Korea by 2030,” Jan Kjaersgaard, CEO Korea.
of Offshore Wind at GE Renewable Energy said Likewise, state-owned Korea Electric Power
in a social media post. Corp. (KEPCO) and its six power generation
Kjaersgaard said that GE Renewable Energy subsidiaries are to pursue a gradual but complete
would provide its Haliade-X wind turbine tech- exit from coal by 2050.
nology, while Hyundai Electric would bring The government also said it would reduce
its local expertise and electrical cables and greenhouse gas (GHG) emissions by 40% of
equipment. 2018 levels by 2030, sharply raising its previous
The MoU sets out initial plans for the con- goal as part of efforts to curb the pace of climate
struction of a nacelle assembly factory for Hali- change.
ade-X turbines in South Korea, with a detailed South Korea also plans to cut its existing
timeline of any industrial development depend- nuclear reactors – currently the country’s only
ing on ”the volume of customers’ orders and significant low-carbon energy source – from 24
their specific projects’ timing,” Kjaersgaard went to 17 by 2034, reducing the sector’s energy out-
on. put by nearly half.
South Korea is promoting offshore and
onshore wind power as part of efforts to reduce
Week 07 16•February•2022 www. NEWSBASE .com P9
