Subsea Energy Solutions (SES) has announced a strategic framework agreement with Hwaseung Material Co. Ltd to enter the Korean offshore wind market.
As part of the agreement the two companies will be jointly entering the Korean offshore wind market using Hwaseung Material Co’s manufacturing facilities, combined with the Subsea Energy Solution’s intellectual property, engineering services and experience in offshore wind, under the brand of Hwaseung Material Co. Ltd. The two companies are already tendering their first projects.