Doosan Heavy Industries & Construction (DHIC) and Korea South-East Power Company (KOEN) will collaborate on 2GW offshore wind farm projects in Gyeongin and Jeju island and on floating offshore wind power systems and complexes.
Also included in the MoU between the two companies is to engage in technology exchanges for “commercialization of the 8MW large-capacity offshore wind turbine.”
According to Park In-won, CEO of Doosan Heavy’s Plant EPC Business Group, the MoU should enable the companies to commercialize domestic offshore wind turbines by securing large-scale references.
It would also help them revitalize the wind power industry to keep aligned with South Korea’s Green New Deal policy.
KOEN has the most extensive business plan in terms of the planned capacity for wind power.
It completed construction of the Yeongheung Wind Farm, the first wind farm to be built in Korea, in 2013, with Doosan supplying 10 wind turbines.
In 2017, KOEN completed construction of the Tamra Offshore Wind Farm, Korea’s first commercial offshore wind farm, via collaboration with Doosan.
In 2011, Doosan received international certification for South Korea’s first 3MW offshore wind turbine. Last year, it received another international certification for its 5.5MW offshore.
Doosan will commercialize an 8MW offshore wind turbine by 2022.


Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Google Secures Pentagon AI Deal for Classified Projects
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 



