Hanwha Ocean said in a regulatory filing Thursday that it has won an order worth 768.7 billion won for one wind turbine installation vessel, or WTIV, from its affiliate Ocean Wind Power 1.
The vessel is scheduled for delivery in the first half of 2028. Hanwha Ocean said it will first consider deploying it to domestic offshore wind projects, including the Sinan Ui offshore wind project.
Hanwha Ocean said the WTIV will be South Korea’s first vessel capable of installing 15-megawatt offshore wind turbines and is expected to be the largest WTIV operated in South Korea’s offshore wind sector.
The company said South Korea’s offshore wind sites have increasingly relied on China-built and China-operated vessels that are deployed after changing their registered nationality, raising supply-chain risks. It said the new order could serve as an early example of building core offshore wind infrastructure with South Korean-built ships and a domestic supply chain.
A Hanwha Ocean official said the company will contribute to the growth of South Korea’s offshore wind industry as the government moves to expand supporting infrastructure such as ports and vessels, with a goal of deploying 25 gigawatts of offshore wind power by 2035.
* This article has been translated by AI.
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