Unison Establishes Production System for Offshore Wind Power Expansion with Global Wind Company Mingyang

Unison announced on the 7th that it will establish and begin preparations for the execution of detailed investment plans under the joint cooperation agreement with the global wind power company Mingyang Smart Energy Group Co., Ltd (hereinafter referred to as ‘Mingyang’).

Mingyang ranked third in the world for offshore wind power installations as of last year, and last month signed a joint cooperation agreement with Unison to strengthen competitiveness and technological capabilities in domestic and international onshore and offshore wind power projects.

Under this agreement, Mingyang will invest a total of 400 billion KRW by 2026. The company is focusing its investments on ▲ establishing nacelle and blade production factories and facilities ▲ installing prototypes and obtaining domestic KS certification ▲ wind farm development projects, accelerating its entry into the offshore wind power market in cooperation with Unison.

Among these, 100 billion KRW will be invested in establishing nacelle and blade factory facilities. By December 2024, Unison plans to expand the nacelle assembly plant on 15,000㎡ of idle land within its headquarters and build a new blade production factory domestically by 2026.

The new nacelle assembly plant will be constructed with an annual production capacity of 1GW, twice the size of the existing factory in Sacheon. After the completion of the new factory, the Sacheon headquarters will be able to produce 1.5GW of nacelles annually. This capacity corresponds to producing 375 wind turbines per year based on 4MW wind turbines.

Unison will also invest in prototype installation and obtaining domestic KS certification by the end of November 2024 to lay the groundwork for entering the offshore wind power business. By 2026, it aims to invest in and acquire onshore and offshore wind farm development projects targeting 2GW.

Park Won-seo, CEO of Unison, stated, “We will proceed with detailed plans to invest a total of 400 billion KRW across all stages from manufacturing to installation of onshore and offshore wind turbines to maximize effectiveness,” adding, “Starting from 2027, we aim to establish a supply system for large wind turbine finished products including nacelles, blades, and towers of 18MW or more, and become a leading company in the domestic and international wind power markets.”