# HD Hyundai Electric and GE to build wind turbine plant in Gunsan, South Korea

HD Hyundai Electric signed an MOU with Jeollabuk-do Province and Gunsan City to build a wind turbine plant in Gunsan, with a joint investment of about KRW 100 billion with GE Vernova Offshore Wind Korea. The plant will produce nacelles and generators, creating about 150 jobs, and is planned to be established by 2026.

- Type: New facility
- Announced: 2023-09-25
- Where: Gunsan, Jeollabuk-do, South Korea
- Value: $75.0M (100.0B KRW)
- Jobs: 150
- Starts operating: 2026
- Status: announced
- Products: wind turbine nacelles, generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [HD Hyundai Electric](https://endata.com/companies/15628.md)
- [GE Vernova Offshore Wind Korea](https://endata.com/companies/72823.md) (partner)

## Sources

- [newspim.com](https://www.newspim.com/news/view/20230925000519), 2023-09-25: "HD현대일렉트릭은 오는 2026년까지 약 1000억 원을 GE와 공동 투자해 군산시에 풍력터빈 공장을 설립할 계획이다."
- [biz.heraldcorp.com](https://biz.heraldcorp.com/article/3222970), 2023-09-25: "HD현대일렉트릭은 오는 2026년까지 약 1000억원을 GE와 공동 투자해 군산시에 풍력터빈 공장을 설립할 계획이다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.