Ulsan is pursuing industrial cooperation with Chinese wind power company Mingyang Group while also pushing to improve the public water surface lease and usage fees for floating offshore wind. The city aims to broaden local companies' participation in the supply chain and reduce the cost burden on power generation projects. The key question is whether cooperation discussions will translate into actual orders for local companies and whether fee restructuring will include mechanisms for sharing regional benefits.
On November 5, Ulsan Mayor Kim Sang-wook met with Mingyang Group Chairman Zhang Quanwei and other executives at the company's headquarters in Zhongshan, China, to discuss energy technology cooperation. This was his first overseas industrial site visit since taking office, and the 23-member delegation included executives from Sejin Heavy Industries, Geumyang Green Power, and Deokyang Gas. The itinerary through Zhongshan, Yangjiang, and Shenzhen through November 8 included inspections of the Yangjiang offshore wind farm and Mingyang production facilities.
