Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 3 March 2025, OffshoreWind.biz reported that the first steel had been cut for BalWin4, Germany’s first 2 GW offshore grid connection, at Sangsangin Ship Machinery’s factory in South Korea. This marked the start of fabrication of the foundation for the BalWin4 topside, with steel panels to be produced in South Korea and then shipped to Batam, Indonesia, where McDermott will assemble the offshore converter substation topside.