South Korea’s HD Hyundai Heavy Industries has signed a memorandum of understanding (MOU) with Scottish Enterprise (SE) and Highlands and Islands Enterprise (HIE) for cooperation on floating offshore wind initiatives.
Underneath the settlement, HD Hyundai will share its know-how in designing and manufacturing floating offshore constructions and assist provide chain optimization measures. SE and HIE will assist with the seek for monetary assist in Scotland and with securing human and materials networks for potential suppliers, manufacturing services, and traders.
HD Hyundai said that offshore wind energy constructions require design and manufacturing that takes into consideration the marine atmosphere and that this was one of many strengths of firms with in depth offshore plant manufacturing expertise.
“We’re presently in search of methods to cooperate with varied companions to develop the offshore wind energy market, comparable to constructing manufacturing and provide infrastructure,” an official from HD Hyundai stated.
The MoU may even enhance the UK authorities’s plans to broaden the offshore wind energy technology capability from 11GW in 2021 to 50GW by 2030. This settlement follows an announcement from the Scottish First Minister’s Humza Yousaf concerning a strategic funding of as much as £500m ($622.6m) over the following 5 years into the offshore wind provide chain in Scotland.
