Doosan Enerbility Signs MOU with Four State-Owned Power Firms, SMEs to Develop 10MW Offshore Wind Turbine Tech

MT Newswires Live

Sep 13, 2024

Doosan Enerbility (KRX:034020) signed a memorandum of understanding with four state-owned power companies and small and medium-sized enterprises to develop technology for a 10-megawatt offshore wind turbine as part of a national project.

The project, supported by South Korea's renewable energy research and development grant, aims to reduce supply chain costs, Doosan Enerbility said Thursday.

The four firms are Korea Offshore Wind Power, and Korea Electric Power Corporation (KRX:015760) subsidiaries Korea Hydro & Nuclear Power, Korea Southern Power, and Korea East-West Power.

Shares of Doosan Enerbility rose nearly 2% in recent trade on Friday.

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