South Korean large shipbuilders are proceeding with business diversification into the wind turbine sector.
According to data from the Korean Intellectual Property Office, local patent applications in the wind power generation sector surged from 71 in 2002 to 669 last year, with the annual growth of 104% on average.
Particularly, shipbuilders have been aggressively entering the onshore and offshore wind turbine sector since 2007.
Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries applied for just two patents in 2007 in the wind turbine arena but the number soared to 55 last year.
The big three shipbuilding companies are especially eyeing an entry into the offshore windfarm market with an advantage of their accumulated technology for ships and offshore structures.
They applied for six patents for offshore wind power generation for the first time last year.
An official from the Korean Intellectual Property Office said, "South Korean shipbuilders have ample state-of-the-art technologies for ship propellers, engines and offshore structures which are very similar to wind turbine blades and tower parts, and they are striving to enter the offshore wind turbine sector, rather than squeezing into the onshore wind power market currently dominated by European companies."
Published : July 12, 2011