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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
