November 8 (Renewables Now) - South Korea's Doosan Heavy Industries & Construction Co Ltd (KRX:034020) has signed a deal allowing it to produce 5.5-MW offshore wind turbines designed by AMSC (NASDAQ:AMSC) and Hyundai Electric & Energy Systems Co Ltd (KRX:267260).
Doosan said in a statement on Tuesday it has bought the prototype of the wind turbine, the design and rights to manufacture and sell it. US-based AMSC is the exclusive supplier of electrical control systems for the machine under the agreements.
Installed on South Korea’s Jeju Island, the 5.5-MW prototype has been generating power for almost three years. According to the press release, it withstood wind speeds of up to 124 mph (55.4 m/s) during typhoon Chaba last year.
Doosan will supply 5.5-MW turbines for the first 60-MW phase of the 2.5-GW Southwestern Offshore wind project of Korean Offshore Wind Power.
“This agreement helps us grow our market presence in both the South Korean and the growing global offshore wind market, allying AMSC with a premium global brand,” said Daniel P McGahn, AMSC’s president and CEO.
South Korea’s offshore wind market is projected to expand to over 6 GW by 2030, says consultancy GlobalData.