Doosan Korean Localization, Turbine Manufacturing in Vietnam

Doosan is localizing production of 10 MW wind turbines in Korea,
aiming to increase the localization rate of components to 70
percent by next year. IPS has acquired the assets of ABB Industrial
Services Business Unit. And Dongtam Group invests 200 million in a
wind power equipment factory in Vietnam. Sign up now for Uptime
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www.weatherguardwind.comIntelstor - https://www.intelstor.com Allen
Hall: I'm Allen Hall, president of Weather Guard Lightning Tech.
And I'm here with the founder and CEO of IntelStor, Phil Tutaro.
And this is your Newsflash. Newsflash is brought to you by our
friends at IntelStor. If you want market intelligence that
generates revenue, then book a demonstration of IntelStor at
IntelStor. com. Doosan Enerbility has announced plans to localize
10 megawatt class wind turbines as part of a national project. The
company is collaborating with four public power companies. and five
small and medium sized enterprises. The project aims to increase
the localization rate of components to 70 percent by next year with
demonstrations planned after 2027. Phil, a 10 megawatt turbine is a
big enterprise to try to complete. Is Doosan ready for that? Philip
Totaro: Yeah, this is a great question because obviously Doosan as
an industrial conglomerate in Korea, they've got a significant
amount of experience with, building, and, and system integration.
And for those that aren't familiar, Doosan also has in the past
licensed wind turbine technology. And designs from different
Western companies, including American Superconductor where, they've
got I forget precisely the number of turbines, but it's, maybe a
couple hundred in, in and around Korea that, that they operate.
They're spending, what they're saying, is gonna be about 50 billion
Korean won on this, which is a substantial chunk of, of money to,
to put behind an R& D project to get a, a 10 megawatt turbine
built. And really why they're doing it is because they want to, if,
if people haven't been paying attention, there was a recent
announcement between another Korean company, Unison where they're
going to increase their collaboration and bring, Chinese developed
technology into the Korean market. So, Doosan being I guess,
patriotic national company wants to wants to be able to counter
that, that move and develop their own, kind of homegrown or at
least somewhat home developed technology, even if it, if it comes
from a, a licensed design from a Western company, they're, they're
looking to, build a lot of offshore projects in, in the Korean
market. And, previously they were going to utilize 3 megawatt or 5
megawatt or even 8 megawatt turbines, but the fact they have the
ability to, to hopefully go up to 10 should put them in, in good
stead with some of the other project development companies that
are, are going to be looking to use them as a, as a viable
supplier. Allen Hall: Integrated Power Services has acquired the
assets of ABB Industrial Services Business Unit. This acquisition
adds five service centers across North America to IPS's network,
expanding their capabilities in electric motor generator and
switchgear repair and maintenance. The new locations are in
Arizona, Indiana, North Carolina, Alberta and Ontario up in Canada
and they're offering repair and on site services for electric
motors up to 50, 000 horsepower and low and medium voltage
switchgear from 480 volts to 15 kilovolts. Well, this is a unique
acquisition. Why is ABB divesting of this holding right now? Philip
Totaro: I'll take a slightly different perspective on it, which is
IPS is actually interested in this. And maybe that's what they did
is was to kind of pry this out of ABB's hands. But for those that
aren't familiar, IPS is an existing vendor of is some, components,
electrical system components, control system components for the
wind energy sector and has been for a number of years but they've
recently been building out their services business. And so for them
to be able to take over as you as you described, their their
motors, generators, switchgear, circuit breakers it gives IPS a
much more robust capability. And so I think that's where, again, my
perspective, Allen, is that this was more of a desire and a pull
from IPS rather than necessarily a desire on ABB's part to let it
go, but, they obviously let it go for the right price, and it gives
IPS the ability to complement other acquisitions that they've
recently made in the past three to five years, as well as that.
Things that IPS wants to do with growing the services segment of
their, their business. Allen Hall: Dongtam Group and CS Wind
Corporation have announced plans to build a 200 million wind power
equipment factory in Vietnam. The facility will be constructed on
124 acres of land leased by Dongtam to CS Wind Vietnam. It will be
one of the largest wind power equipment production factories
globally, with the capacity to produce tens of thousands of units
per year, supplying equipment ranging from 500 to 4, 000 metric
tons per item. This is unique, Phil. You see a lot of action
happening in Vietnam at the moment, many European companies exiting
The vietnam marketplace but see us when going in quick and putting
a lot of money in what is the transition all about? Philip Totaro:
Well this this is kind of fascinating because as we've described
in, in the uptime wind energy podcast, there are a number of
companies, particularly western european project developers that
are kind of pulling up cs wind has had a presence previously in
vietnam, albeit at a much smaller scale. But to be getting together
with the Vietnamese company and investing 200 million in, in a new
factory to, to do, towers and foundations and, and things like that
really does give them much more access to the domestic market,
which is growing but also international markets where, for those
that don't know, you know, besides China or any domestically made
towers in Europe or the U. S. Vietnam and Indonesia are two of the
biggest markets where towers are actually made and, and exported
from. So this gives CS Wind in particular again, along with with
Dongtam group the opportunity to, to collaborate and ensure that
they can, continue the, the addressing the, the demand growth that
we see for, for towers.