POSCO E&C signs strategic agreement with Equinor for world’s largest offshore wind power project
By Seo Dong-hwan, Reporter
POSCO E&C is firmly positioning itself in the future of the new and renewable growth industry. The company announced on the 23rd that it has signed a strategic agreement with Equinor, a global leader in offshore wind power generation based in Norway, to promote the groundbreaking ‘Ulsan Firefly’ project. This project aims to establish the world’s largest floating offshore wind power complex.
Under this agreement, POSCO E&C, formerly known as POSCO E&C, will establish a close partnership with Equinor, the Norwegian state energy company, in various areas including development planning, construction, and transportation.
The ‘Ulsan Firefly’ offshore wind power project is an ambitious undertaking that involves building a 750 megawatt (MW) offshore wind power station 70 kilometers away from Ulsan Port. The sheer magnitude of this project means it will be capable of supplying electricity to every home in Ulsan Metropolitan City. Equinor has expressed high expectations for the growth potential of the offshore wind business in Korea.
Utilizing its expertise in construction technology within the offshore wind energy field, POSCO E&C plans to construct the world’s largest commercial floating offshore wind energy complex off the coast of Ulsan. In fact, the company has been working on the concept of an onshore transmission line since January of this year.
Ar Sang-woong, the head of POSCO E&C’s infrastructure business department, expressed optimism for the future of the company’s offshore wind energy business, stating, “By choosing environmentally friendly and renewable businesses such as offshore wind energy as the next generation growth industry, we aim to break away from the constraints of the traditional construction industry. We believe this collaboration with Equinor will serve as a new inflection point for our offshore wind energy business, and we are committed to achieving its success by leveraging our full capabilities.”
Furthermore, POSCO E&C has been accelerating its offshore wind power business by partnering with DNV, Norway’s largest international offshore wind power certification body, in April for technical cooperation.
This strategic agreement with Equinor solidifies POSCO E&C’s position in the global offshore wind power market and highlights their commitment to driving sustainable and renewable energy development.
About POSCO E&C
- POSCO E&C (formerly POSCO Engineering & Construction) is a leading construction company based in South Korea.
- They are known for their expertise in various fields, including offshore wind energy.
- The company is focused on embracing environmentally friendly and renewable businesses to drive future growth.
About Equinor
- Equinor is a global leader in offshore wind power generation.
- As a Norwegian state energy company, Equinor has extensive experience and expertise in the offshore wind industry.
- The company sees great potential for the offshore wind business in Korea and is committed to its development.
[Source: Infostock Daily]
On the 23rd, he signed a strategic agreement with Norway’s Equinor, a leading global offshore wind energy company.
Construction of the world’s first large-scale commercial offshore wind farm with a power generation capacity of 750MW
POSCO E&C and Norwegian Equinor signed an agreement to promote the ‘Ulsan Firefly’ project. Photo = POSCO E&C
[인포스탁데일리=서동환 기자] POSCO ENC is accelerating the new and renewable growth industry in the future.
POSCO E&C (formerly POSCO E&C) announced on the 23rd that it has signed an agreement with Norway’s Equinor, a global leader in offshore wind power generation, to promote the ‘Ulsan Firefly’ project, the world’s largest floating offshore wind power project .
Through this agreement, POSCO E&C will establish a strategic cooperative relationship with Equinor, a Norwegian state energy company, in the areas of development plan, construction, transportation, etc.
A bird’s eye view of the ‘Firefly’ floating offshore wind farm. Photo = POSCO E&C
The ‘Ulsan Firefly’ offshore wind power project is a large-scale project that generates electricity by building a 750 megawatt (MW) offshore wind power station on the sea surface 70 km from Ulsan Port.
This is a scale that can supply electricity to every home in Ulsan Metropolitan City. Equinor has high expectations for the growth potential of its offshore wind business in Korea.
POSCO E&C, which has construction technology in the field of offshore wind energy, plans to build the world’s largest commercial floating offshore wind energy complex off the coast of Ulsan.
To this end, POSCO E&C has been designing the concept of an onshore transmission line since last January.
Ar Sang-woong, head of POSCO E&C’s infrastructure business department, said, “We strive to practice real value management by choosing environmentally friendly and renewable businesses such as offshore wind energy as the next generation growth industry of the future, breaking away from constraints’ the traditional construction industry.” We expect the collaboration to be a new inflection point for POSCO E&C’s offshore wind energy business, and we will focus all our capabilities for the success of the business.”
Meanwhile, POSCO E&C is accelerating its offshore wind power business by signing a Memorandum of Understanding for technical cooperation with DNV, Norway, the world’s largest international offshore wind power certification body in April.
Reporter Seo Dong-hwan oensh1@infostock.co.kr
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