Vestas and Maersk to Build Offshore Wind Hub in South Korea

April 22, 2024, by Adnan Durakovic

Wind turbine manufacturer Vestas has revealed plans to build a nacelle factory and a logistic base for offshore wind turbines in South Korea in partnership with A.P. Moller – Maersk.

The plan, part of a wider agreement, is dependent on the pace of market growth and awarded volume for Vestas, the company said.

Other signatories to the agreement include South Korea’s Jeonnam Province, and Mokpo City.

The factory and the logistics base will be located at the Mokpo New Port Hinterland Complex.

The partners aim to strengthen the local economy by potentially hiring local talent and collaborating with local companies.

Additionally, Jeonnam Province and Mokpo City will provide the necessary administrative and financial support to create a sustainable supply chain, Vestas said in a social media post.

”For Maersk, this is a good step for project logistics in Asia Pacific and a key milestone in our integrator strategy of delivering end-to-end logistics solutions for our partners. We continue to strengthen our partnership with Vestas, which is based on a shared vision and our joint commitment to a green, sustainable future for our planet,” said Maersk CEO, Vincent Clerc.

Vestas has already secured the status of the preferred wind turbine supplier for the 504 MW Ulsan Gray Whale 3 floating offshore wind farm, as well as the 390 MW Shinan Ui offshore wind farm, the 1.3 GW MunmuBaram floating wind farm, the 600 MW Wando Geumil wind farm, and an unnamed 495 MW project.

Vestas has also signed a Memorandum of Understanding with South Korea’s Ulsan City, under which the turbine manufacturer, the City, Ulsan Port Authority, and Sejin Heavy Industries & Construction will cooperate on Ulsan’s ambition to develop a 9 GW floating offshore wind complex by 2030.