Unison to Book 102.29 Billion Won Backlog as Revenue in Second Half
Unison begins revenue recognition on its 102.29 billion won order backlog as production starts, including turbines for the Hanbit Offshore Wind Farm.
Unison will begin recognizing its 102.29 billion won order backlog as revenue in the second half of this year, the company said, as it starts production.
The backlog includes a contract Unison signed to supply turbines to the Hanbit Offshore Wind Farm, which will be built off the coast of Yeonggwang in South Jeolla Province.
Unison has completed development of a 10MW-class offshore wind turbine, the largest capacity in South Korea. The company is undergoing international type certification procedures for the unit, with commercialization targeted for the first half of next year.
Project Track Record
Unison has previously completed major wind farm development and EPC projects, including Yeonggwang Baeksu 40MW, Uiryeong 18.75MW, Jeongam 32.2MW, Yeonggwang 79.6MW and Omisan 60.2MW, according to bloter.net.
The company is also leading basic design work on offshore wind turbines of 20MW or larger and on 6MW-class onshore turbines through a national project.
Quick answers
When will Unison recognize its order backlog as revenue?
Unison will begin recognizing its 102.29 billion won order backlog as revenue in the second half of this year as production begins.
What is the capacity of Unison's largest offshore wind turbine?
Unison has completed development of a 10MW-class offshore wind turbine, the largest capacity in South Korea.
When does Unison aim to commercialize its 10MW turbine?
Unison is undergoing international type certification for the 10MW turbine with the goal of commercialization in the first half of next year.