Samsung Heavy signs MOU for U.K. wind energy plant

Samsung Heavy Industries Co. said Wednesday it signed a memorandum of understanding to build a wind power generator plant in Scotland, giving the South Korean shipbuilder an entry into Europe’s offshore wind-power generator market.

Samsung will build a electricity transmission network in Fife, a coastal area of Scotland, in a pilot project to sell electricity produced from an offshore seven-megawatt wind power generator starting from 2014, the company said in a statement.