Search results for: south korea

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  • 19 January 2023
    Authorities, Business & Finance, Industry, Jobs & Recruitment, Operations & Maintenance

    Danish wind turbine manufacturer Vestas has announced plans to build out a wind energy supply chain in South Korea, adding that the plans are dependent on a growing market for offshore wind in the country. The plans were formalised at a signing ceremony with Vestas CEO Henrik Andersen, and South Korea’s President Yoon Suk-Yeol at […]

  • 11 January 2023

    Singapore-based Marco Polo Marine has formed partnerships with Namsung Shipping and HA Energy to jointly pursue offshore wind vessel projects in South Korea. The parties will work together to own and operate suitable support vessels like CTVs, SOVs, and CSOVs to service the growing offshore wind market in the region. Namsung Shipping is South Korea’s […]

  • 9 February 2023

    Ramboll has appointed Inho Cho as Country Director for the new office in Seoul, South Korea, which the company opened in 2022. With the appointment of Inho Cho as Country Director, Ramboll brings in a well-regarded senior expert, the company said. Prior to joining Ramboll, he held various senior positions in technical sales and marketing […]

  • 5 December 2022
    Contracts & Tenders, Wind Farm Update

    South Korea’s ocean exploration company, Geoview, has completed the marine geophysical survey for Equinor’s Firefly floating offshore wind farm in Ulsan. In the first half of 2022, Geoview won an ocean exploration project from Equinor for the first time as a Korean company. Geoview specializes in marine surveys such as seabed topography mapping, geophysical surveys, […]

  • 14 December 2022
    Contracts & Tenders

    GE Renewable Energy and Hyundai Electric have signed a strategic partnership agreement to help localise the assembly of GE’s Haliade-X offshore wind turbines and generators in South Korea. The agreement outlines plans for the establishment of a factory in South Korea for producing the nacelles and the generators used in Haliade-X turbines, with the potential […]

  • 31 March 2023
    Business & Finance, Contracts & Tenders

    Vestas has signed a preferred supplier agreement for a floating offshore wind project in South Korea, the wind turbine manufacturer announced on 31 March, leaving the project and its client unnamed. Under the agreement, if the project moves forward, Vestas will supply and install 33 units of its V236-15.0 MW model which will make up […]

  • 10 May 2023
    Business & Finance

    Japan-based Shizen International, a Shizen Energy Group company, has entered into an agreement with South Korea’s INMARK Asset Management and DOHWA Engineering to form a joint venture that will develop energy storage, onshore renewables and offshore wind projects in South Korea.  The joint venture, which will be called Inmark Jayeon Energy, has already identified 2,000 […]

  • 16 March 2023
    Business development, Grid Connection, Research & Development

    KEPCO (Korea Electric Power Corporation) Research Institute, together with DNV as a technical advisor, is developing a long-term plan for a power grid that will enable delivering electricity generated by offshore wind to South Korea. In February 2021, the South Korean government announced a KRW 48.5 trillion (EUR 34.8 billion) project to develop an 8.2 […]

  • 15 February 2023
    Business development, Collaboration, Industry, Outlook & Strategy, Transition

    BP and Deep Wind Offshore have formed a joint venture to develop offshore wind opportunities in South Korea. As part of their agreement, bp has acquired a 55 per cent stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of up to […]

  • 17 May 2023
    Contracts & Tenders

    Mingyang Smart Energy has signed a localisation cooperation agreement with the South Korean wind turbine manufacturer and wind power company, Unison, to promote its business in South Korea and globally. The agreement will see Mingyang Smart Energy investing 400 billion Korean won (approximately EUR 276 million) to carry out various forms of localisation cooperation with […]

  • 2 March 2023
    Contracts & Tenders, Wind Farm Update

    Vestas has signed a preferred supplier agreement with Korea South-East Power Company (KOEN) for the 600 MW Wando Geumil offshore wind project in Wando-Gun, South Jeolla Province, South Korea. If the project materialises, Vestas will supply and install 40 units of the V236-15.0 MW turbine. Vestas will also deliver 20 years of operation and maintenance […]

  • 24 February 2023
    Authorities, Business & Finance, Contracts & Tenders

    Canada-headquartered Northland Power has secured two Electricity Business Licenses (EBLs) for its 1,000 MW Dado and 600 MW Bobae offshore wind projects in South Korea. The Dado offshore wind project was awarded EBL for 900 MW of the 1,000 MW capacity, providing exclusivity on the leases for the project. The project is expected to advance […]

  • 15 February 2023
    Authorities, Industry

    It takes more than ten years for offshore wind projects to go through the permitting system in South Korea. Only 2 per cent of all offshore wind projects that applied for a permit were able to reach the end of the process over the past decade. Meanwhile, 98 per cent are still trying to reach that […]

  • 12 April 2023
    Contracts & Tenders

    Shell and Hexicon, through their joint venture in South Korea, have appointed K2 Management (K2M) as Lender’s Technical Advisor for the MunmuBaram project, a 1.3 GW floating wind farm planned to be built between 65 and 80 kilometres offshore the city of Ulsan.  The Denmark-headquartered K2 Management will first review the general project status and […]

  • 29 November 2022
    Contracts & Tenders, Wind Farm Update

    MunmuBaram, a joint venture between Shell and Hexicon AB, has named Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea. If the project materialises, Vestas will supply and install 84 units of the V236-15.0 MW turbine for the project located off the south-east coast of South […]

  • 12 April 2023
    Business development, Industry, Research & Development

    Major industry players have joined forces and launched the Ulsan Floating Offshore Wind Association with the aim to promote the development of the offshore wind industry in Ulsan, South Korea. The Association consists of the Ulsan Chamber of Commerce and Industry (UCCI) and five companies: Korea Floating Wind (Ocean Winds and Aker Group), Firefly Offshore […]

  • 18 May 2023
    Business development, Collaboration, Contracts & Tenders, Outlook & Strategy, Research & Development

    London-headquartered Corio Generation and Daewoo Engineering and Construction (Daewoo E&C) have signed a Memorandum of Understanding (MoU) to jointly develop offshore wind projects in South Korea. Under the MoU, Corio and Daewoo E&C have agreed to explore collaboration opportunities in developing bottom-fixed offshore wind projects. This covers all three projects in Corio’s portfolio in Busan, […]

  • 10 March 2023
    Business & Finance

    Shell has been doing business in the offshore wind market for a while now, with a portfolio of projects in different stages in Europe, the Americas, and South Korea. The latter is not the only country in the Asia Pacific region where Shell is eyeing to build wind farms at sea, however, as the oil […]

  • 13 February 2023
    Business & Finance, Contracts & Tenders

    Ørsted and the Incheon Free Economic Zone Authority (IFEZA) have signed a memorandum of understanding (MoU) to strengthen the cooperation on the green transformation and carbon neutrality of the Incheon Free Economic Zone (IFEZ) in South Korea. Under the MoU, Ørsted Korea and IFEZA agreed to explore key areas of collaboration, including Ørsted Korea’s 1.6GW […]

  • 9 March 2023
    Business development, R&D, Research & Development, Technology, Technology

    South Korean SK ecoplant and its compatriot POSCO have announced that their K-Floater, a floating body model for offshore wind power developed with domestic technology, secured basic design certification from DNV. The K-floating body is a 10 MW semi-submersible floating model which is capable of withstanding a typhoon of about 40 metres per second that […]

  • 17 March 2023
    Business & Finance, Business development, Contracts & Tenders, Research & Development

    South Korean SK oceanplant, the offshore wind power business arm of SK ecoplant, and Corio Generation, a portfolio company of Green Investment Group (GIG), have signed a memorandum of understanding (MoU) to work together on offshore wind projects in six regions around the world. Under the MoU, the two companies plan to collaborate on projects […]

  • 10 May 2023
    Business development, Research & Development, Technology

    The American Bureau of Shipping (ABS) has joined Korean industry leaders in the signing of a memorandum of understanding (MoU) to produce a feasibility study for a near-shore floating platform of green hydrogen production and liquefaction. The feasibility study will be included in a report from the Jeolla Province to determine the viability of developing […]

  • 17 May 2023
    Contracts & Tenders, Wind Farm Update

    Ørsted has signed a contract with South Korea’s HSG Sungdong Shipbuilding for the supply of foundations for the 920 MW Greater Changhua 2b & 4 offshore wind farms in Taiwan. Ørsted signed the contract with HSG Sungdong, worth hundreds of billions of Korean won, in the presence of the Danish Ambassador Svend Olling, Ørsted Korea […]

  • 7 February 2023
    Business & Finance, Business development

    Siemens Gamesa and Doosan Enerbility have signed a binding framework agreement for a strategic partnership for the South Korean offshore wind market. The agreement follows a non-binding Memorandum of Understanding (MOU) the two companies signed in June, under which they were first investigating potential collaboration in several areas, including large-scale offshore wind turbines, sharing of […]

  • 16 February 2023
    Contracts & Tenders

    The Netherlands-based BLIX Consultancy has been acquired by AFRY to strengthen its offering in the global offshore and onshore wind energy market. By joining forces with BLIX, AFRY enhances its competence and consulting service offerings in the offshore and onshore wind sector, the company said. The companies will be able to cover the entire project life cycle […]

  • 5 December 2022
    Contracts & Tenders, Wind Farm Update

    CS Wind PT has sent the first batch of wind turbine towers for the 1.5 GW Hollandse Kust Zuid offshore wind farm to Rotterdam, Netherlands. This was the first shipment of five predicted for upcoming weeks, according to CS Wind PT’s social media update. Blue Water Shipping and Sealine Spain supported CS Wind PT during […]