Energy

Orsted to work with South Korean steel giant on wind, hydrogen

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This picture taken on March 4, 2021 shows wind turbines at an offshore wind farm in waters off South Korea.

JUNG YEON-JE | AFP | Getty Images

Energy firm Orsted has signed a memorandum of understanding with South Korean conglomerate POSCO that will focus on offshore wind and renewable hydrogen.

In an announcement Thursday, Denmark-headquartered Orsted said major steel producer POSCO and its affiliates would “support the development” of its offshore wind projects planned for waters off Incheon, in the northwest of South Korea.

Orsted wants to develop as much as 1.6 gigawatts (GW) of offshore wind in the area, with the company saying commissioning of these facilities could take place in 2026…



Source cnbc.com

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