Hyosung Heavy Industries wins $170M transformer contracts in Europe

Hyosung Heavy Industries secured contracts worth approximately $170 million (230 billion won) for extra-high-voltage power equipment in the UK, Sweden, Spain, and Norway. The contracts include a 120 billion won agreement with Scottish Power Energy Networks for wind power-related transformers, a 50 billion won order from a Swedish distributor, and 60 billion won in contracts in Spain.

“Hyosung Heavy Industries has secured new contracts worth approximately $170 million for extra-high-voltage power equipment across several European markets.”transformer-technology.com

• 2 sources
• transformer-technology.comHyosung Heavy Secures Major Transformer Contracts Across Europe - Transformer TechnologyDec 22, 2025
• transformer-magazine.comHyosung lands $155 M grid contracts – Transformer MagazineDec 25, 2025

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