This contract is particularly noteworthy as it includes the simultaneous procurement of essential infrastructure for the offshore wind power system, including the offshore substation, onshore switchgear, and internal wiring for the substations.
The Shin-an Uido offshore wind farm, located in the waters off Uido, Sinan County, Jeollanam-do, has a total generation capacity of about 390 megawatts and a total project cost of approximately 3.4 trillion won. Electricity generated by the offshore wind turbines will be transmitted through the offshore substation, where the voltage is increased, and then sent to the transmission network via the onshore switchgear. Iljin Electric will supply all the equipment for these two critical power infrastructure components.
With this contract win, Iljin Electric has established a competitive track record in the offshore wind sector, positioning itself ahead of its rivals. The company is the only domestic firm capable of producing all power equipment, including high-voltage transformers and circuit breakers, in-house.
The company aims to leverage its ability to provide a complete package of core power equipment for offshore wind projects, excluding undersea cables, to enhance its competitiveness in future power plant and substation transmission infrastructure markets.
Iljin Electric is also actively participating in the government's "West Coast Energy Highway" initiative. This project involves an investment of approximately 10 trillion won to supply about 8 gigawatts of power from the Shinhaenam substation in Jeollanam-do through undersea cables to the Incheon area, forming a key national transmission network. This network is expected to carry electricity generated from offshore wind and solar energy in the West Coast region.
The Shin-an Uido offshore wind project is linked to this initiative, with confirmed capacity already reaching about 17.6 gigawatts.
Notably, the Shin-an Uido offshore wind project is recognized as the fastest-moving project among those associated with the initiative. Selected as the first investment project of the government-led "National Growth Fund," it has been acknowledged for both its public and business viability, and is expected to play a crucial role in the establishment of the West Coast Energy Highway.
An Iljin Electric representative stated, "This contract demonstrates our unique integrated capabilities to supply all necessary power equipment simultaneously, from transformers to cables. We will use this first commercial achievement in South Korea as a stepping stone to expand our market share in the offshore wind power transmission sector."
* This article has been translated by AI.
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