CS Wind, a Korean manufacturer and exporter of offshore wind towers, has joined hands with Danish companies Copenhagen Infrastructure Partners (CIP) and Stiesdal Offshore Technology (SOT) for offshore wind farm development in Korea.
(From left) Danish Ambassador Einar Jensen, CS Wind Corp. chairman Gim Seong-gon, and CIP/COP Korea CEO David Yoo pose for a commemorative photo at the Danish-Korean offshore wind development MoU signing ceremony held at the Embassy of Denmark in Korea on Nov. 12.
The three wind energy companies gathered at the Danish embassy in Seoul on Nov. 12 to sign a memorandum of understanding (MoU) for a tripartite cooperation in floating offshore wind farm development projects.
The agreement outlines a joint effort in developing and constructing large-scale offshore wind farms in select areas in the southwestern and eastern regions of Korea. CIP will head the development efforts for both floating and fixed wind farms that will feature floating foundations designed by SOT and manufactured by CS Wind.
This new collaboration is anticipated to be a game changer for the budding offshore wind farm market in Korea as it brings together key players in the global industry; CIP is considered one of the top three European companies in offshore wind development and investment; SOT is assessed to have developed unique floating foundation designs that allow for competitive, economical costs of production; and CS Wind is a global leader in wind tower manufacturing.