Tag Archives: South Korea

Iberdrola has signed a cooperation agreement with GS Energy to develop projects in Korea and other Asian regions

The companies signed a Memorandum of Understanding (MoU), in the framework of the Spain-Korea Business Summit, which was attended by the Korean Minister of Trade, Industry and Energy and the Spanish Minister of Industry, Trade and Tourism. The agreement entails creating a platform to speed up the search for and development of renewable installations, including … Continue reading Iberdrola has signed a cooperation agreement with GS Energy to develop projects in Korea and other Asian regions

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Ørsted and POSCO sign MoU to strengthen collaboration on offshore wind energy and renewable hydrogen in Korea

Ørsted, the world’s most sustainable energy company, and POSCO Group, one of the largest conglomerates in Korea, today announced the signing of a Memorandum of Understanding (MoU) to expand their relationship. POSCO and its affiliates will apply the group’s joint capabilities to support the development of Ørsted’s 1.6 GW offshore wind projects off the coast … Continue reading Ørsted and POSCO sign MoU to strengthen collaboration on offshore wind energy and renewable hydrogen in Korea

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South Korea’s first floating wind farm project passes preliminary feasibility study

A pioneering project to generate electricity from South Korea’s first floating wind farm in 2026 has finally passed a preliminary feasibility study conducted by a national think tank, almost three years after a state company moved first by installing equipment to measure wind energy at a useless offshore gas platform. Korea National Oil Corp. (KNOC), … Continue reading South Korea’s first floating wind farm project passes preliminary feasibility study

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World’s biggest wind farm may be answer to South Korea’s net-zero dream

The fishing grounds where Jung Kuenbae and his forbears have caught shrimp, butterfish and croakers for three generations are going to be turned into the world’s largest offshore wind farm. He’s okay with that. “I initially opposed the idea when the plan was proposed because it will destroy our livelihood,” said Jung, who leads a … Continue reading World’s biggest wind farm may be answer to South Korea’s net-zero dream

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South Korea plans 8.2GW wind power plant, ‘the world’s largest’

South Korean President Moon Jae-in has announced plans to build the world’s largest wind farm with an unprecedented 8,200 MW capacity using powerful wind turbines. Moon attended a signing ceremony in the southwestern coastal city of Sinan, where the project is expected to be based. According to Reuters, he unveiled the 48.5 trillion won (36.05 … Continue reading South Korea plans 8.2GW wind power plant, ‘the world’s largest’

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South Korea to build world’s largest floating wind farm off Ulsan

Korea Hydro & Nuclear Power (KHNP) has signed a memorandum of understanding (MOU) with OW Offshore, a Spanish offshore wind power company, and Kumyang, a Korea renewable energy company to develop a giant floating offshore wind power generation complex off the coast of Ulsan, which the parties involved claim will be the biggest in the … Continue reading South Korea to build world’s largest floating wind farm off Ulsan

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Ørsted aims to develop offshore wind energy projects in South Korea

Ørsted today announced its intention to develop South Korean offshore wind power projects with a potential capacity of up to 1.6GW off the coast of Incheon City. The announcement was made at an event joined by National Assembly members, South Korea’s Energy Agency, and key industry leaders with offshore wind track records in South Korea’s … Continue reading Ørsted aims to develop offshore wind energy projects in South Korea

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South Korean Firms Turn to Offshore Wind Power

An increasing number of South Korean companies are looking into the feasibility of generating offshore wind power as a new source of income. SK E&S Co., a leading South Korean gas provider which recently contracted a 200 megawatts (MW) offshore solar power generation project in the waters near the Saemangeum seawall, is reviewing the idea … Continue reading South Korean Firms Turn to Offshore Wind Power

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Total and Macquarie to build 2 GW floating offshore wind energy

Total and Macquarie’s Green Investment Group have partnered to develop five floating offshore wind turbine projects in South Korea with a capacity of up to 2GW. As part of the 50/50 partnership, the two companies agreed to develop floating offshore wind power projects off the east and south coasts near the country’s Ulsan and South … Continue reading Total and Macquarie to build 2 GW floating offshore wind energy

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South Korea looks to Denmark as wind power partner

Being seen and being active are what Rep. Yangyi Won-young of the Democratic Party, newly elected this year, has been doing for the past 25 years as an environmental activist. “Three months ago this time, I received a phone call. The situation on the ground didn’t look good. A civic movement we had helped build … Continue reading South Korea looks to Denmark as wind power partner

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South Korea to increase wind energy generation to 12 gigawatts by 2030

Doosan Heavy Industries & Construction plans to see its offshore wind power business generate around 1 trillion won ($831 million) in annual revenue by 2025. CEO Park Gee-won said his company would contribute to creating South Korea’s ecosystem for offshore wind turbines as a leading company in the field and pledged to be actively get … Continue reading South Korea to increase wind energy generation to 12 gigawatts by 2030

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Moon vows bold investment in offshore wind power industry

President Moon Jae-in pledged Friday to expand South Korea’s offshore wind power capacity hundredfold by 2030 as a key engine for the nation’s transition to renewable energy and environmentally-friendly growth. Moon visited a wind power plant and a turbine research center on the southwestern coast in his first field inspection since unveiling a “New Deal” … Continue reading Moon vows bold investment in offshore wind power industry

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Northland Power acquires offshore wind power projects in South Korea

Northland Power will acquire Dado Ocean Wind Farm, a development company with offshore wind farm development sites in South Korea. Northland Power has announced the signing of an agreement to acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites near Chodo Island, off the south coast of South Korea. … Continue reading Northland Power acquires offshore wind power projects in South Korea

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Wind power in South Korea, Vestas’ wind turbines for 42 MW wind farm

Vestas has secured its first V136-4.2 MW order in South Korea for the Cheongsong Myeonbong Mt Wind Power project with EPC contractor Kumho Industrial Co., Ltd. The 42 MW order consists of ten V136-4.2 MW wind turbines at a hub height of 112m as well as a 20-year Active Output Management 4000 (AOM 4000) service … Continue reading Wind power in South Korea, Vestas’ wind turbines for 42 MW wind farm

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EDPR and Aker Solutions to Develop Floating Wind Farm in Ulsan, South Korea

WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium with the ambition to develop an initial  500MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea. The consortium was formed as EDP Renewables, one of the top wind energy producers globally, and Aker Solutions, an engineering and technology company … Continue reading EDPR and Aker Solutions to Develop Floating Wind Farm in Ulsan, South Korea

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Floating wind power in South Korea: EDP will build a 500 MW wind farm

EDP Renovavéis (EPDR), in consortium with WindPower Korea and Aker Solutions, will build a floating wind farm with an initial capacity of 500 megawatts (MW) off the coast of the Metropolitan City of Ulsan (South Korea). The consortium was established through the investment of EDP Renováveis and the engineering company Aker Solutions in the development … Continue reading Floating wind power in South Korea: EDP will build a 500 MW wind farm

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Orsted sees market potential in Korean offshore wind power

Denmark’s state-run energy company Orsted sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies. “Korea has a high potential in the offshore wind power market, given that the nation is a peninsular, possesses numerous sites with superb wind and the government’s strong … Continue reading Orsted sees market potential in Korean offshore wind power

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Equinor, KNOC and Korea East-West Power have agreed to develop a 200 MW floating offshore wind farm

Equinor, Korea National Oil Corporation (KNOC) and Korea East-West Power have agreed to develop to 200MW floating offshore wind farm 58 km off the coast of the city of Ulsan. The consortium recently held a signing ceremony in Ulsan, which is situated in the south-eastern region of South Korea for the Donghae 1 project. The … Continue reading Equinor, KNOC and Korea East-West Power have agreed to develop a 200 MW floating offshore wind farm

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Equinor lines up floating offshore wind energy in South Korea

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 … Continue reading Equinor lines up floating offshore wind energy in South Korea

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South Korea to add 12GW of wind enegy by 2030

Korea will add 12 gigawatt of new wind power capacity by 2030 and combine the renewable energy with the shipbuilding and ocean-based industries, the Energy Ministry said on June 26. The goal is part of the government’s plan to increase the proportion of renewable energy from the current 7 percent to 20 percent by 2030. … Continue reading South Korea to add 12GW of wind enegy by 2030

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