Lunar Energy Seals Tidal Deal in Korea

A 300-turbine field planned for the Wando Hoenggan Water Way off the South Korean coast is moving towards development. Tidal power company Lunar Energy has announced it has reached an agreement with Korean Midland Power to build the 300-megawatt (MW) plant by December 2015.

Fabrication and installation of the tidal turbines will be carried out by Hyundai Heavy Industries and Rotech Engineering will provide design optimization and specialist components. Full resource research and feasibility studies will be completed by July 2008 and the installation of a 1-MW pilot plant will be completed by March 2009. Each unit has a turbine diameter of 11.5 meters and a fully ballasted weight in of more than 2500 metric tons.

Lunar Energy chairman William Law said that the joint venture, “will combine the subsea engineering skills of Rotech with the known fabrication expertise of Hyundai.”

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