Principle Power, HSG Sungdong Sign MOU for Korea Floating Wind Foundations


Principle Power is collaborating with HSG Sungdong to help the shipyard prepare for the serial manufacturing and delivery of its WindFloat foundations. 

Through this agreement, the company will provide HSG Sungdong with consulting on design, specifications and planning. 

“Our goal is to foster a robust and sustainable supply chain ecosystem through early engagement with select suppliers to build readiness for the timely and effective delivery of floating wind projects,” says Principle Power’s Lúcio Rodrigues. 

“These engagements are an extremely important part of building a new industry the right way, providing customers and government with confidence about deliverability. This MoU between HSG Sungdong and Principle Power targets the world’s first mass-production of floating offshore wind substructure by combining the strengths of both companies.”

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