• 2023 August 25 10:52

  POSCO E&C inks MOU with Norwegian firm on offshore wind farm

  

  South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway's state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan, according to Yonhap.

  The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development of the envisioned wind farm and other local offshore wind farm projects.

  In 2019, the authorities in the southeastern industrial city of Ulsan struck an MOU with Equinor on the construction of the 750-megawatt floating offshore wind farm in an area some 70 kilometers off the port.

  The floating wind farm, which would be the world's largest when completed, is expected to provide enough electricity for all households in the industrial city.

  POSCO E&C, the construction arm of South Korea's top steelmaker POSCO Holdings Inc., said it has been carrying out the conceptual design of an on-land transmission line since January this year in the run-up to the project.
  
  

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