SK ecoplant and SK oceanplant join hands with global green energy investment management company CIP for the 'Haewool' floating offshore wind project in Ulsan.

- A Memorandum of Understanding (MOU) has been signed for collaboration in the manufacturing, transportation, and installation of the floaters for the 1.5GW 'Haewooli Project.'

- SK ecoplant is expanding its value chain to include transportation and installation of substructures, expecting synergies with SK oceanplant.

- SK oceanplant is currently establishing a new production base specialized in manufacturing floaters, enhancing its production capacity for overall offshore wind structures such as jackets and floaters.

SK ecoplant and its subsidiary specializing in offshore wind power, SK oceanplant, are participating in the 'Haewooli Offshore Wind Power Project,' a floating offshore wind power development project in Ulsan. SK oceanplant will manufacture the substructures (floaters) which will be transported and installed by SK Ecoplant, aiming to create synergy between the two.

On May 31, SK ecoplant announced the signing of a 'Business Agreement for Collaboration in the Manufacturing, Transportation, and Installation of Substructures for the Haewooli Project' at its headquarters in Sosong-dong, Jongno District, Seoul.

The agreement ceremony was attended by Jung-Hoon Kim, head of SK Ecoplant's Solution BU, Seung-Chul Lee, CEO of SK oceanplant, and Jonathan Spink, CEO of Haewooli Offshore Wind Power Generation, among other representatives from each company.

Haewooli Offshore Wind Power Generation is a corporate entity of the Ulsan offshore wind project under Copenhagen Infrastructure Partners (CIP). The 'Haewooli Project' is a large-scale initiative to create a 1.5GW floating offshore wind farm in the eastern sea area of Ulsan.

With this agreement, SK ecoplant and SK oceanplant have promised mutual cooperation and support for the success of the 'Haewooli Project.' Specifically, SK ecoplant will share its expertise in the transportation and installation of floaters, based on its extensive domestic and international experience in offshore construction and engineering, and will provide support for optimizing the supply chain.

SK oceanplant will enhance collaboration in the manufacturing of floaters, based on its globally recognized offshore wind structure manufacturing technology and supply capabilities. Notably, SK oceanplant is developing a new specialized production base for offshore wind structures in Donghae-myeon, Goseong County, aiming to complete it by the end of 2026. The new production facility will have the capacity to produce various offshore wind structures, including fixed substructures like jackets, floating substructures like floaters, and offshore substations.

Seung-Chul Lee, CEO of SK oceanplant, stated, "After the new production base is completed in 2027, the domestic and international floating offshore wind market is expected to expand significantly. Based on our solid partnership with Haewooli Offshore Wind Power Generation, we will strive to become a global leader in the market for both fixed and floating substructures."

Jung-Hoon Kim, head of SK ecoplant's Solution BU, said, "SK ecoplant has secured a value chain that covers everything from offshore wind power project development to EPC (Engineering, Procurement, and Construction) and core equipment manufacturing. We will expand our influence in the offshore wind power substructure and floater transportation and installation sectors, building on the synergy with our specialized subsidiary SK oceanplant."