Seoul, Dec. 23 -- Hyosung Heavy Industries secured a contract worth 120 billion won, or approximately USD 82 million, to supply ultra-high-voltage transformers to the United Kingdom. This deal with SP Energy Networks, a division of ScottishPower, aims to support a significant wind power project as Britain works toward its carbon-neutrality goals.

The South Korean company stated that these transformers will play a vital role in major renewable energy projects across the UK. According to a report by Pulse, the English service of Maeil Business News Korea, the equipment will help strengthen the stability of the power grid while the country moves toward net-zero emissions.

This latest agreement continues a period of growth for the company i...