South Korea
SK oceanplant has secured a contract with Seatrium to supply the full jacket foundation for the BalWin5 HVDC offshore foundation project.
BalWin is part of TenneT’s next-generation offshore grid program in the German North Sea.
The BalWin5 substation has a capacity of 2.2 GW, making it one of the world’s largest of its kind. It will play a key role in strengthening Germany’s offshore power transmission infrastructure and supporting Europe’s energy transition.
This contract win marks the first time that a Korean company has secured a full jacket supply contract for a European HVDC offshore substation, showcasing SK Oceanplant’s global competitiveness in terms of engineering expertise, manufacturing capabilities and project execution.
