The transformers will be installed in the south central region of Scotland as part of an electric substation expansion project, with delivery scheduled for the second half of 2028, HD Hyundai Electric said.
The deal marks the South Korean company’s first contract from the Scottish market. It plans to leverage the deal as a stepping stone to further strengthen its presence in Europe.
The company’s European order totaled US$437.75 million last year, achieving an average annual growth rate of 44 percent since 2020.
“Europe is a highly conservative and technically demanding market where contracts are won based on product quality and technological capability,” an HD Hyundai Electric official said. “We plan to expand our influence in the region through enhanced research and development capabilities, and stronger customer networks.”
This photo provided by HD Hyundai Electric Co. on May 23, 2025, shows the company’s Vice Chairman Cho Seok (L) and Eddie Mulholland, director of process and technology at SP Energy Networks, at a transformer supply contract signing ceremony held the previous day. (PHOTO NOT FOR SALE) (Yonhap)
odissy@yna.co.kr
kyongae.choi@yna.co.kr