Offshore staff
MADRID, Spain – Korea Floating Wind (KF Wind), a joint venture between Ocean Winds and Aker Offshore Wind, has obtained its first electric business license (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 870 MW.
The EBL is a mandatory requirement to generate and supply electricity in South Korea and grants KF Wind exclusive development rights to realize the floating wind project, 80 km (50 mi) offshore Ulsan.
KF Wind expects the second EBL to follow for a capacity of 450 MW and continues to mature the project with the objective of reaching financial close in 2024.
Grzegorz Gorski, COO of Ocean Winds, said: “Thanks to the commitment of our teams and the relationships built within the region, the emission of the EBL represents one step closer to our goal of 1.2 GW projects in Ulsan, powering the equivalent of over 1.3 million households and reducing nearly 3 million tCO2eq greenhouse gas emissions every year.”
Philippe Kavafyan, CEO of Aker Offshore Wind, said: “Our proven floating technology from Principle Power will enable a faster industrialization of the supply chain to deliver with our partners in South Korea the job creation associated with the first large commercial scale floating windfarm.”
South Korea aims to generate 20% of its power from renewable sources by 2030, of which 12 GW is expected to be from offshore wind.
01/27/2022
