Hyosung first launches wind turbine generators into the N.American market

Hyosung will be supplying 2MW wind turbine generators, developed with the company’s own technology for the first time among Korean companies, into the North American market. Out of the 160 due to be supplied, Hyosung recently delivered 40 2MW wind turbine generators to US-based Dewind. W ind turbine generators are core parts to function like car engines in the wind generation system, converting the energy produced from the blades’ rotation into electricity. The generators had to fulfill volume, efficiency, vibration, noise, and other performance expectations, as well as guarantee over 20 years of durability – so they require tremendously high level of design and production technology. The generators recently supplied will be installed at a wind farm that will be set up in the Texas panhandle area by the end of 2012. Hyosung has been recognized for its technology in commercial generators, and won the contract after competing against the world’s leading companies in November last year; and once again, by supplying the products this time around, the company joined the ranks of the global top class makers of generators. The North American market is the second largest one which reaches about 1 trillion won, after China in size. As the US prepares to replace 20% of its electricity supply with wind generation by 2030, the market for wind turbines and related parts is expected to grow very rapidly. Power and Industrial Systems PG President Cho Hyeon-Mun said that Hyosung will “expand it supply to not only North America, but also to Europe – which demands a higher level of technology – as well as China and India – which own the largest consumers,” and added, “in the future we will develop large-scale, 5MW generators and enter the market of offshore wind-farm generation systems, with the goal to become one of the global top 5 wind-turbine generator companies by 2020.”