South Korean firm looks at offshore wind investment

That plan is being supported by up to £24.5m in public sector funding.

Highlands and Islands Enterprise chief executive Stuart Black described the agreement as a “great opportunity to explore and facilitate the company’s interest in Scotland.”

Deputy First Minister Shona Robison, who witnessed the signing of the agreement, said it was a “vote of confidence” in Scotland and its offshore wind industry.

She said: “Scotland’s offshore wind sector is key to our transition to net zero and this partnership is the next step forward in realising the economic opportunities from our floating offshore wind potential.”

Hannae Choi, of HD Hyundai Heavy Industries, said: “We are currently exploring ways to collaborate with various partners to develop the offshore wind market, including establishing a manufacturing supply infrastructure.”