Its Wind Turbines Now For Samsung Heavy

Samsung Heavy Industries Co., the world's second-largest shipyard, plans to make wind turbines in a market estimated at US$74 billion by 2020 to counter a slump in vessel orders.


Wind turbine generator

The technology to make the key component for power turbines is similar to the one used for ship propellers, Samsung Heavy said. Wind power may account for 12 percent of global energy consumption in 2020, it said.

The company, which reported 10.7 trillion won of sales last year, received a letter of intent from Cielo Wind Power LP of the U.S. to provide three 2.5-megawatt wind turbines. The first will be delivered in 2010 and the remaining two the next year, Samsung Heavy said.