Vestas targets South Korea's offshore wind plan

May 16, 2012

In a quest to prop up its flagging business Vestas, the world’s largest wind turbine manufacturer, has pinpointed South Korea as a future growth area for the company’s offshore ambitions.

In November the South Korean government announced a plan to invest 10.2 trillion won (USD9 billion) in building a 2.5-GW offshore wind farm, the largest in the world, by 2019. The schedule is to have a 100-MW test project by 2014, and to scale this to 400-MW by 2016.

Korea Electric Power Corp, in which the government maintains a 50 percent interest, is leading the project development with eight suppliers including Doosan Heavy Industries, Hyundai, and Daewoo. However only Doosan has an offshore turbine design although this is yet to be deployed in the water.

Vestas recently revealed that it is looking for partners to co-develop its V164 7-MW offshore turbine. The company has also put back the launch of a prototype by a year until 2014.