International renewables engineering and project management company ODE has entered signed a Memorandum of Understanding with Korean counterpart DongYang Engineering (DYE) to pursue offshore wind and other prospects.
The pair will target work across Korea and the global market, and will collaborate across business development activities and the execution of engineering services.
The latter includes the joint-development of an offshore substation design specifically targeted to Korean offshore wind farms.
The memorandum, signed on Friday 27th August at Ulsan Technopark in Ulsan, Korea, was attended by Mike Welch, Director of Trade and Investment from the British Embassy in Seoul, Korea.
Jinho Paik, ODE’s Korea Country Manager, said: “This is a significant step in ODE’s development in Korea. DYE has an established and respected presence in the Korean energy market; this memorandum will bring important opportunities to both companies.”
David Robertson, Head of Renewables for ODE, added: “From our Seoul office, we are looking forward to drawing on our global technical expertise in offshore wind and energy transition whilst further expanding our experience in the wider APAC region.”