offshoreWIND.biz
  • Fixed-Bottom
  • Floating Wind
  • Supply Chain
  • News
  • About
  • Contact
JobsNewsletter
offshoreWIND.biz logo
Topics
  • Fixed-Bottom
  • Floating Wind
  • Supply Chain
  • Power-to-X
  • Grid Connection
Network
  • Dredging Today
  • NavalToday
  • Offshore Energy
  • Offshore Wind
  • Maritieme Vacaturebank
Company
  • Advertising
  • Newsletter
  • Jobs
  • Privacy
  • Report your news

© 2026 Navingo. All rights reserved.

Home›Business & Finance›UK and South Korea Help Secure Millions for World’s Largest Monopile Factory
Business & Finance

November 27, 2023 · about 2 years ago

UK and South Korea Help Secure Millions for World’s Largest Monopile Factory

UK Export Finance (UKEF) and South Korea’s export credit agency Korea Trade Insurance Corporation (K-Sure) have helped SeAH Wind to secure GBP 367 million in Standard Chartered Bank and HSBC UK financing to build the world’s largest wind monopile manufacturing facility. UKEF and K-Sure have secured

1 minutes read
  • LinkedIn
  • X
  • Email
UKEF SeAH Wind

Once fully operational, the facility, which will become SeAH Wind’s first such resource outside South Korea, is expected to produce between 100 and 150 monopiles per year that will be transported directly from the factory to Teesworks’s new GBP 107 million heavy-lift South Bank Quay before heading to the North Sea for installation using specialised pile driving equipment.

The monopile factory will create 1,500 jobs in the supply chain and during construction, with an additional 750 roles once the factory is fully operational in 2026.

Follow offshoreWIND.biz on:

Reach the offshoreWIND.biz industry in one go!

offshoreWIND.biz is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow offshoreWIND.biz on:

Filed under

Business & Finance

Daily offshore wind news in your mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1Cadeler Adds Wind Ace to Fleet, First Stop East Anglia Two
  2. 2Turbine Installation at Thor Offshore Wind Farm Reaches Halfway Point
  3. 3South Korean Cable Maker Takes Delivery of Its Second Cable Laying Vessel
  4. 4Aker Solutions Joins Bellrock Floating Offshore Wind Farm Team

Related articles

France Reveals Normandy Offshore Wind Tender Finalists
Authorities

European Commission Greenlights France’s EUR 63 Billion Aid Scheme to Build 11 Offshore Wind Farms

16 days ago

Dutch Cable Services Firm Moves Closer to Baltic Clients with Hub in Sweden
Business & Finance

Dutch Cable Services Firm Moves Closer to Baltic Clients with Hub in Sweden

17 days ago

Bernhard Schulte Offshore Takes Delivery of Fourth CSOV in Newbuild Series
Business & Finance

Bernhard Schulte Offshore Takes Delivery of Fourth CSOV in Newbuild Series

27 days ago

Daily offshore wind news in your mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free

Related news

France Reveals Normandy Offshore Wind Tender Finalists
Authorities

European Commission Greenlights France’s EUR 63 Billion Aid Scheme to Build 11 Offshore Wind Farms

16 days ago
Dutch Cable Services Firm Moves Closer to Baltic Clients with Hub in Sweden
Business & Finance

Dutch Cable Services Firm Moves Closer to Baltic Clients with Hub in Sweden

17 days ago
Bernhard Schulte Offshore Takes Delivery of Fourth CSOV in Newbuild Series
Business & Finance

Bernhard Schulte Offshore Takes Delivery of Fourth CSOV in Newbuild Series

27 days ago