Navantia Seanergies and SeAH Partner for Offshore Wind Development in Asia and the US

Navantia Seanergies and SeAH Partner for Offshore Wind Development in Asia and the US

(IN BRIEF) Navantia Seanergies and SeAH have signed a collaboration agreement to develop offshore wind energy in Asian countries, with a focus on South Korea and the American west coast. South Korea has set a target of 12 GW of offshore wind power by 2030, with a special emphasis on floating wind turbines due to the depth of its waters. The agreement aims to manufacture complete floats, components, or materials for offshore wind projects in South Korea and other countries where SeAH has facilities, such as the United States and Australia.

(PRESS RELEASE) MADRID, 2-Aug-2023 — /EuropaWire/ — Navantia Seanergies and SeAH have signed a collaboration agreement for the development of offshore wind energy in countries on the Asian continent, with a special focus on the Republic of Korea, one of the most ambitious states in its geographical area and on the American west coast.

The Ministry of Economy, Industry and Energy of the Republic of Korea has set a target of 12 GW of offshore wind power by 2030. In the Ulsan Bay area alone (in the southeast of the country), 9 GW of floating wind turbines are proposed, which would make this area the cluster with the highest concentration of floating units in the world. As in the Spanish case, the development of offshore wind in the Republic of Korea must face the challenge of the great depth of its waters (between 100 and 400 metres), so the country will opt for floating technology.

The agreement was signed in Navantia Seanergies facilities in Fene, La Coruña, Spain, by Javier Herrador, Navantia Seanergies Vice president and Abel Méndez, Commercial and Business Development Director, and on behalf of SeAH by Kwonhan Lee, Vice President and Juan Kim, Commercial Leader.

The collaboration between the two companies focuses on the manufacture in the Republic of Korea of complete floats, components or materials manufactured there or in countries where SeAH has facilities, or could be installed, such as the United States and Australia.

The offshore wind market continues to develop strongly in Europe, and in the coming years will develop in new geographies such as the United States and Asia Pacific, which will need to rely on experienced manufacturers with a reliable and expert supply chain. New business opportunities will require the development of new manufacturing, project management and supply chain solutions.

SeAH, in partnership with Taiichio and Wolf Projects, is the supplier of a large part of the materials for the construction of the jackets for the offshore wind projects built in Fene, such as the East Anglia One, Saint Brieuc and Le Tréport projects, as well as the substation jackets built in Puerto Real, Le Tréport, Noirmoutier, and Dogger Bank -C.

The signed agreement, which includes the principles for future collaboration in the supply of materials in this sector, will provide Navantia with guarantees to meet future project commitments.

“The agreement with SeAH is very important for Navantia Seanergies and is deployed in two areas that are essential in the company’s strategic plan: internationalization as a global supplier, and the certainty of supplying materials under preferential conditions for projects in the coming years, where market saturation is foreseeable. Therefore, it is a support for Navantia to meet the capacity reserve commitments acquired and other projects”, explained Javier Herrador.

For Kwonhan Lee, “Navantia is SeAH Steel’s most important customer, and we thank them for their trust and for the stable collaboration in recent years. This agreement consolidates this collaboration. We are involved in continuing to meet Navantia’s needs in the offshore wind supply chain, implementing manufacturing capabilities in South Korea and in new strategic markets through strategic agreements and new investments. SeAH Steel, as South Korea’s leading pipe and tubular steel structure manufacturer, expects that the synergies of our manufacturing technologies and Navantia’s excellent ‘know-how’ as a leader in the offshore wind market will help the continued development of both companies and enable us to lead the future explosive demand”.

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SOURCE: Navantia