Navantia Seanergies and SeAH have signed a collaboration agreement to produce components for floating offshore wind farms off South Korea initially.
The agreement was signed in Navantia Seanergies facilities in Fene, La Coruña, Spain, by Navantia Seanergies vice president Javier Herrador, commercial and business development director Abel Méndez, and on behalf of SeAH by vice president Kwonhan Lee and commercial leader Juan Kim.
The Ministry of Economy, Industry and Energy of the Republic of Korea has set a target of 12GW of offshore wind power by 2030.
In the Ulsan Bay area alone (in the south-east of the country), 9GW of floating wind turbines are proposed, which would make this area the cluster with the highest concentration of floating units in the world.
The collaboration between the two companies focuses on the manufacture in Korea of complete floats, components or materials manufactured there or in countries where SeAH has facilities, or could be installed, such as the United States and Australia.
SeAH, in partnership with Taiichio and Wolf Projects, is the supplier of a large part of the materials for the construction of the jackets for the offshore wind projects built in Fene, such as the East Anglia One, Saint Brieuc and Le Tréport projects, as well as the substation jackets built in Puerto Real, Le Tréport, Noirmoutier and Dogger Bank C.
The signed agreement, which includes the principles for future collaboration in the supply of materials in this sector, will provide Navantia with guarantees to meet future project commitments.
“The agreement with SeAH is very important for Navantia Seanergies and is deployed in two areas that are essential in the company’s strategic plan: internationalisation as a global supplier, and the certainty of supplying materials under preferential conditions for projects in the coming years, where market saturation is foreseeable,” said Herrador.
“Therefore, it is a support for Navantia to meet the capacity reserve commitments acquired and other projects.”