Hyundai Heavy Industries (HHI) will develop 1.5 gigawatts of offshore wind power farms near Ulsan in cooperation with Green Investment Group (GIG) and Total.
Top executives of the three firms joined a webinar hosted by Ulsan Mayor Song Cheol-ho to ascertain how to cooperate on the projects.
GIG global head Mark Dooley and Total Senior Vice President Julien Pouget pledged to establish a local supply chain for the projects.
According to Dooley, they aim to promote participation from local companies and discuss running a workforce training and education program with local universities.
GIG also plans to offer online lectures, scholarships, and internship programs regarding the projects.
On the other hand, HHI will construct floating structures for wind turbines.
HHI President Han Young-seok promised to utilize the company’s expertise in shipbuilding and offshore engineering in their full-scale cooperation.
Han revealed that HHI was looking for a new growth engine due to the sluggishness of the shipbuilding industry when renewable energy and the floating offshore wind power projects grabbed their attention.
According to an Ulsan city government official, HHI was previously lukewarm about the projects but eventually decided to take part.


American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Washington Post Publisher Will Lewis Steps Down After Layoffs
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 



