Siemens Gamesa Renewable Energy SA (BME:SGRE) and Korean energy solutions firm Doosan Enerbility Co Ltd (KRX:034020) have agreed to study strategic cooperation within offshore wind activities in South Korea.
The companies have signed a non-binding memorandum of understanding (MoU) to look into several Korea-focused fronts such as local production of large-scale offshore wind turbines and components supply, as well as the installation and maintenance of offshore wind turbines, among other activities.
For its part, Doosan Enerbility will contribute its experience, domestic production base and business capabilities.
The MoU will also explore the establishment of a Korean domestic supply chain and related industries, job creation and the industrialisation of the domestic offshore wind power sector.
“By combining SGRE’s global business know-how with our own technological capabilities accumulated over the years, we will be able to improve more rapidly our competitiveness in the offshore wind power business. The cooperation between the two companies will also contribute to revitalising the offshore wind power ecosystem in Korea,” said Seung-woo Sohn, Doosan Enerbility's Executive Vice President in charge of Power Service Sales and Marketing.