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Home›Business & Finance›Mingyang to Manufacture Wind Turbines in South Korea
Business & Finance

September 5, 2024 · about 2 years ago

Mingyang to Manufacture Wind Turbines in South Korea

China’s Mingyang Smart Energy has signed an agreement with the local company Unison to manufacture wind turbines in South Korea. The two companies entered into a joint venture to provide “top-tier products and services, contributing to carbon neutrality efforts in South Korea and the surrounding reg

2 minutes read
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Mingyang Unison
Source: Mingyang Smart Energy via LinkedIn

China’s Mingyang Smart Energy has signed an agreement with the local company Unison to manufacture wind turbines in South Korea.

The two companies entered into a joint venture to provide “top-tier products and services, contributing to carbon neutrality efforts in South Korea and the surrounding region” , said the partners.

In May last year, the Chinese wind turbine manufacturer signed another agreement with Unison to promote its business in South Korea and globally.

The agreement included establishing a wind turbine nacelle assembly plant, a blade manufacturing facility, and developing and investing in onshore and offshore wind farms.

As part of its efforts to achieve its goal of reducing greenhouse gas emissions to 40 per cent of 2018 levels by 2030, South Korea has set a target to add 12 GW of offshore wind capacity.

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The unit features flexible power ratings ranging from 18.X to 20 MW and rotor diameters from 260-292 metres, covering a maximum swept area equivalent to nine soccer fields.

With an average wind speed of 8.5 m/s, the wind turbine can generate 80 million kWh annually, offsetting 66,000 tonnes of CO2 emissions, equivalent to the annual consumption of 96,000 households.

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