Subsea engineering analysis consultancy, AgileTek, has underlined growth plans in South Korea through the formation of a collaborative agreement with Blue Wind Engineering.
The Memorandum of Understanding (MOU) will allow for future cooperation between the two businesses with the collective aim of expansion within the South Korean offshore wind industry. It also includes bilateral knowledge sharing of future projects and joint sales strategy within the regional market.
AgileTek, a Tekmar Group plc subsidiary based in London, operates in the offshore wind, offshore oil and gas and wave power sectors, conducting studies and analysis of flexible pipes, subsea power cables, umbilicals, marine hoses, cable protection systems and SURF ancillaries.
Headquartered in South Korea, Blue Wind Engineering was established to contribute to the development of wind power industry in the country, offering services ranging from the design of the offshore and offshore wind farms to the design and certification support of wind power components, production and construction.
Manuel Pimentel, AgileTek business development manager in Asia, says, “South Korea is a key market in terms of offshore wind for AgileTek. The ambitious targets of offshore wind energy set up by the Korean government mean that the market is going to experience fast development in the near future and we regard this as a fantastic opportunity to export our expertise in fixed and floating offshore wind to the region.”
“Having previously worked with Blue Wind Engineering on a cable technologies review, we know that both companies share the same ethos and will work well together to achieve our ambitious plans within the region, while also continuing to support our South Korean clients,” Pimentel adds.
Dr Jone Oh, CEO of Blue Wind Engineering, says, “Our experience working with AgileTek over the past year has been exceptionally positive. AgileTek’s capabilities and experience in dynamic cables for floating projects will allow both companies to work closely together on offshore floating projects in South Korea into the future.”