HomeBusinessHyundai offshore wind deal hailed as 'vote of confidence in Scotland' Achi-News

Hyundai offshore wind deal hailed as ‘vote of confidence in Scotland’ Achi-News

- Advertisement -

Achi news desk-

The deal is the South Korean manufacturing giant’s first contract in Europe for floating, offshore wind manufacturing.

HD Hyundai Heavy Industries is the world’s largest shipbuilding company, and is a major manufacturer of equipment such as the floating substructures that are a vital part of the multi-billion dollar offshore wind supply chain.

READ MORE: Innovative partnership energizes Scottish supply chains

The agreement comes after First Minister Humza Yousaf announced an investment of up to £500 million over the next five years as part of the Scottish Government’s efforts to attract further private sector investment in ports, manufacturing and related assembly work with wind at sea.

Ms Robison, who witnessed the deal being signed in Edinburgh, said it could be “key” in helping Scotland meet its green energy targets.

The Herald: Scotland's Deputy First Minister, Shona RobisonDeputy First Minister of Scotland, Shona Robison (Image: PA)

He said: “This partnership agreement is a vote of confidence in Scotland and our offshore wind industry – demonstrating our ability to develop the international relationships on which investment that will help us meet our climate targets is based. on them.

“Scotland’s offshore wind energy sector is key to our transition to net zero and this partnership is the next step forward in realizing the economic opportunities from our existing offshore wind energy potential need

“Scottish Enterprise and Highlands and Islands Enterprise play a vital role in supporting a fair and just transition for the energy sector.

“Collaboration between our economic development agencies and global leaders with world-class expertise, such as HD Hyundai Heavy Industries, is key to realizing that ambition.

“This collaboration will play a key role in helping Scotland meet its climate targets.”

READ MORE: Scotland ‘poor relation’ to UK in green jobs, says STUC

Hannae Choi, senior vice president of the wind power business and corporate planning division for HD Hyundai Heavy Industries, said: “We are currently exploring ways to collaborate with various partners to develop the offshore wind power market, including establishing a manufacturing supply infrastructure.

“We intend to expand the market by using our world-class know-how in the design and manufacture of floating structures.”

spot_img
RELATED ARTICLES

Most Popular