Bureau Veritas Marine & Offshore and Korean Register (KR) have signed a Memorandum of Understanding (MoU) focused on floating offshore wind development in Korea’s East Sea.
The two companies aim to share technologies, information, and experiences in the field of floating offshore wind farms in the East Sea of the Republic of Korea.
According to the partners, the MoU will see both parties reinforce their collaborative efforts for floating offshore wind farm projects and promote sustainable business opportunities, including offshore wind and renewable energy.
Following the MoU signing ceremony held at KR’s headquarters, there will be further discussion between the two companies on potential future projects for cooperation, the partners said.
“We at KR are very much aware that BV has the relevant technical background and know-how gained through the implementation of numerous projects in the Floating Offshore Wind Farm and KR in turn has diverse track records and network in the Korean Offshore industry,” said Hyung Chul Lee , Chairman and CEO of Korean Register.
“I am pleased to say that mutual cooperation between KR and BV will also contribute to the Korean Government policy on Renewable Energy.”
South Korea does not have any commercial-scale offshore wind farms in operation and, aside from the 60 MW Seonam demonstrator, the country is home to the Tamra offshore wind farm which has a capacity of 30 MW.
In 2021, Equinor announced it had signed a co-development Letter of Agreement for the Firefly floating wind project off South Korea with the Ulsan Offshore Wind Countermeasures Committee.
Ulsan City has several floating wind MoUs signed with some of the leading developers including Equinor, RWE , BayWa r.e. , Shell , Vestas , and Green Investment Group (GIG).
The country’s goal is to scale-up offshore wind capacity up to 12 GW and achieve 30 per cent of renewables in the energy production mix by 2030.