JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011 - 24

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However, it remains to be seen if this is achievable, and the Korean Wind Energy Industry Association has a more modest goal of 13.5 GW by 2025. Four Korean heavy industry companies have announced their intention to start manufacturing wind turbines using international technology: - Hyundai Heavy Industry, with a production portfolio of 1.65 MW, 2 MW and 2.5 MW turbines for onshore and 5.5 MW turbines for offshore use; - Samsung Heavy Industry with a production portfolio of 2.5 MW turbines for onshore and 5 MW or bigger for offshore; - Daewoo, Shipbuilding & Marine Engineering, with a portfolio of 1.25 MW and 2 MW turbines and 6 MW or larger; - STX with 2 MW and 7MW turbines. In addition, several other domestic manufacturers such as Hyosung, Doosan Heavy

Industry, Hanjin and Tab.2: South Korean data (2010 US dollars) Unison have now developed their own wind GDP (purchasing power parity): $1.459 trillion (2010 est.) – country comparison to the world: 13 turbine technology, and GDP – real growth rate: 6.1% (2010 est.) – country comparison to the world: 49 their models are currently GDP – per capita (PPP): $30,000 (2010 est.) – country comparison to the world: 45 undergoing testing or GDP – composition by sector: Agriculture: 3% Industry: 39.4% Services: 57.6% (2008 est.) further development. The Korean industry for Labour force: 24.62 million (2010 est.) – country comparison to the world: 25 wind turbine components Unemployment rate: 3.3% (2010 est.) is also flourishing, with Source: The world factbook – CIA companies supplying or planning to supply towers, (PPP) to install about 500 digits, one example being blades, main shafts, generators, turbines off the country’s west China, with a 21% growth rate transformers, gearboxes, coast. Under this PPP, 100 for composites in 2010. nacelle control systems and MW of wind projects should be There are strong prospects for cables. operational by 2013, a further development in the wind 900 MW by 2016 and the final energy, transportation, Booming offshore 1.5 GW by 2016. In addition, automotive, aerospace, applications local governments are industrial, sports & leisure, and The Korean government has promoting another 4.5 GW of construction sectors. You could set an ambitious strategy for offshore wind projects across say that there is a strong offshore wind power the country. potential in all user sectors development, and has Given these strategies, the because the activity is announced a strategy to attract Korea wind power industry has flourishing so much. investments worth USD 8.2 an aggressive target of reaching The latest analyses indicate billion (EUR 5.8 billion) in 23 GW of wind power by 2030, that the Asia-Pacific region was developing offshore wind farms which would, with a one of the main drivers for the with a total capacity of 2.5 GW production of around 50 TWh, composites market in 2010, over the next nine years. The provide around 10% of the with production at 5.5 to 6 government is aiming to set up country’s total energy demand million metric tons, out of a a private-public partnership (source : GWEC with input global 12 MT (JEC from the Korean Wind Energy Composites Magazine no. 67). Industry Association, (KWEIA). Business news is an excellent indicator for activity in a region JEC Asia 2011, the or sector, and we note that meeting point there is no dearth of Given this favourable context, information, between all the the next JEC Asia trade show is production capacity increases, a genuine opportunity for carbon line projects and jointplayers in the composites venture announcements! sector, whether or not they are There is no doubt that already established in the Asia- participants in the JEC Asia Pacific region. For those who trade show will meet up with are not, the time and climate many project sponsors and that are ripe for prospecting, setting visitors will be looking for up a facility or entering into a innovations, notably in the rawpartnership. material and equipment On average, growth in the sectors, to meet the quality composites sector is several expectations in a booming points higher than that of the market. economy as a whole. The More information: Innovation is everywhere on JEC Asia:  the place to be. www.jeccomposites.com region’s rates are in the double

Asia-Pacific

jec composites magazine / No67 August - September 2011
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JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #67 - August/September 2011
