Kolon Global signs an MOU with a German turbine manufacturer, Enercon, “to strengthen global partnerships

▷ Accelerating its drive to secure wind-power assets in partnership with leading global players such as Siemens and Vestas 

▷ Expected to create synergies through cooperation and integration, and sharpen its competitive edge in the domestic wind-power market 

Kolon Global, which ranks first in domestic wind turbine market share, signed a business agreement with Enercon, a leading German manufacturer of gearless direct drive turbines, at Kolon Tower in Gwacheon on the 12th. Enercon is one of the top three global wind turbine manufacturers along with Vestas and Simens Gamesa. 

Through this agreement, the two companies plan to maximize synergy through cooperation by sharing information, technology, and know-how of Korean onshore and offshore wind farm construction. 

Prior to this, Kolon Global had signed supply contracts with Vestas (Taebaek Gadeoksan Phase 1) in 2018, Enercon (Yeongdeok Hoji Village) in 2022, and Siemens Gamesa (Pyeongchang Hwenggye) in 2023, thereby consolidating partnerships with the three major global wind energy companies. 

The wind farms currently in commercial operation by Kolon Global are Gyeongju Wind Power Phase 1 & 2 (37.5MW), Taebaek Gadeoksan Phase 1 (43.2MW) and Phase 2 (21MW). In addition, Yangyang Manwolsan Phase 1 (42MW) and Phase 2 (4.2MW), Yeongdeok Sunrise (34.4MW), Yeongdeok Hoji Village (16.68MW), and Pyeongchang Hwengye (26MW) are under construction. Taebaek Hasami Wind Power (17.6MW) is also soon to break ground. 

Kolon Global is developing a total of nine onshore wind-power projects including Yangsan Repowering. It also plans to develop six additional projects next year, which are expected to generate stable EPC profits and a dividend income every year. 

Further, Kolon Global is leveraging its capabilities of onshore wind-power generation and offshore bridge construction to accelerate its foray into the offshore wind power business. In August 2022, Kolon Global was granted permission for the 400MW Wando Janbogo offshore wind-power project, and a full-blown licensing and design process are now under way. An environmental impact assessment is currently ongoing, and construction is due to start in 2027. 

A Kolon Global official said, “We will continue to expand wind-power assets by leveraging our distinct development know-how of onshore wind farms”. He added, “We aim to secure 1GW of wind-power assets and 150 billion won in dividend income by 2034. We will do this by expanding onshore wind-power into the repowering and renewal business and at the same time enter into the offshore wind-power sector.”