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.


China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
Google Secures Pentagon AI Deal for Classified Projects 



