Equinor on Thursday said it has submitted a bid to build an offshore wind farm off New York using fixed-base wind turbines.
Equinor and South Korea’s state-owned National Oil Corporation (KNOC) will explore opportunities to develop commercial floating offshore wind power plants in South Korea.
South Korea aims to reduce its dependence on nuclear and coal power, targeting an increase in the share of renewable energy to 20 percent by 2030, compared with 7.6 percent in 2017.
Equinor says this translates to a target of 49 gigawatts (GW) of new generation capacity.
KNOC plans to develop a 200 MW floating offshore wind farm project 58 km off the coast of Ulsan City.
“South Korea has large potential and offers attractive opportunities within offshore wind energy,” said Equinor Senior Vice President Stephen Bull.
“We are pleased to sign a memorandum of understanding with KNOC to strengthen our collaboration.”
Equinor has built and is operating the world’s first commercial floating offshore wind farm – Hywind – off Scotland, where its five wind turbines have total capacity of 30 MW.
Floating wind turbines are considered the next step in conquering wind resources in deep coastal waters where fixed wind turbines cannot be built, such as Japanese waters or off the coast of California.