Maersk and Vestas to develop South Korean offshore wind hub

Offshore wind turbine developer, Vestas, and A.P. Møller-Maersk have signed a Memorandum of Understanding (MoU) to set up a nacelle manufacturing plant and logistics base at the Mokpo New Port Hinterland Complex in South Korea.

The MoU outlines Vestas' intention to explore collaboration opportunities with local suppliers for offshore wind turbine components, the companies said. In addition, Vestas and Maersk will aim to strengthen the local economy through hiring local talent and working with local companies.

Both Mokpo City and the surrounding Jeonnam Province will provide the administrative and financial support necessary to establish a sustainable supply chain. The MoU follows Vestas' earlier announcement to explore establishing wind turbine manufacturing facilities in South Korea together with CS Wind.

Vestas COO, Tommy Rahbek Nielsen, said: “Vestas would like to thank Jeonnam Province, Mokpo City, and Maersk for their partnership. We look forward to continuing the close collaboration as we work together to enable and establish a competitive and sustainable offshore wind supply chain in South Korea.”

Vincent Clerc, Maersk CEO, commented: “We are pleased that Vestas trusts Maersk to be a valued partner, as it continues to support the green transition on a global scale by offering renewable energy solutions. This agreement, including the logistics operations connected with it, is a testament to our end-to-end capabilities and is a milestone for our integrator strategy.”