Samsung Heavy also intends to move into overseas wind turbine markets, including China and India.
The company joins Hyundai Heavy Industries Co., Ltd. in expanding its business as the global recession reduces ship demand.
In August 2009, the South Korean government has announced that it will invest KRW100 trillion in alternative energy by 2030.
The company has reported that wind power may account for 12% of global energy consumption in 2020.
The company has reported KRW10.7 trillion of sales in 2008. It has received a letter of intent from Cielo Wind Power LP to supply three 2.5 MW wind turbines. The first will be delivered in 2010 and the remaining two in 2011.
