Doosan Heavy Industries & Construction Co. (DHIC) has signed a deal with the government of North Jeolla Province to cooperate on the construction of a 2.4-gigawatt offshore wind farm to be completed by 2028, a 14 trillion-won project.
Under the deal, DHIC will build the offshore wind farm in seas off the coast between Gochang County and Buan County and provide and maintain wind power generators.
The local government will provide DHIC with administrative support.
DHIC also recently signed a memorandum of understanding with Korea South-East Power Company (KOEN) to cooperate on the 2GW offshore wind farm projects in Gyeongin and Jeju island, as well as on the development of megawatt-class floating offshore wind power systems and complexes.
The two firms would also engage in technology exchanges for commercialization of the 8MW large-capacity offshore wind turbine, with DHIC as the main contractor.
Last July, the Ministry of Trade, Industry, and Energy announced that the country will build a 12-gigawatt offshore power plant in its seas by 2030.


Google Halts UK YouTube TV Measurement Service After Legal Action
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say
Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth
Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban
Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs
ASML’s EUV Lithography Machines Power Europe’s Most Valuable Tech Company
First Abu Dhabi Bank Reports 22% Jump in Q4 Profit, Beats Market Expectations
Samsung Electronics Posts Record Q4 2025 Profit as AI Chip Demand Soars
Puma’s Historic Rivalry With Adidas Enters a New Era as Anta Deal Signals Turnaround Push
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 



