GE Offshore Wind and Hyundai Electric are planning to establish a strategic industrial partnership to support the growth of offshore wind in South Korea. GE Renewable Energy will bring its offshore expertise and the Haliade-X technology, and Hyundai Electric will bring its local expertise in Korean market knowledge and electrical equipment. A Memorandum of Understanding signed by the two companies outlines initial plans for the establishment of a nacelle assembly factory in South Korea for assembling HaliadeX turbines. The detailed timeline of any industrial development will depend on the volume of customers’ orders and the specific project timing.
