Search results for: south korea

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  • Fugro Settles in South Korea

    16 February 2024
    Business & Finance, Business development, Collaboration, Outlook & Strategy

    Fugro has opened a new office in South Korea as part of a joint venture with South Korean marine technology company UST21 in support of the local offshore wind sector. The new office called Fugro UST21 and located in Incheon will provide geo-data solutions for South Korea’s offshore renewable energy sector, which the Dutch company […]

  • Corio, BP to Splash Over EUR 1 Billion on Wind Projects Offshore South Korea

    22 November 2023
    Business & Finance, Industry

    South Korea’s Ministry of Trade, Industry and Energy has revealed that two energy companies, Corio Generation and BP, have submitted investment plans for offshore wind projects in South Korea totalling 1.5 trillion won (about EUR 1.06 billion). The announcement was made on 22 November during South Korean President Yoon Suk Yeol’s state visit to the […]

  • RWE Wins Key Permit for 495 MW South Korean Offshore Wind Project

    4 April 2024
    Authorities, Business development, Fixed-Bottom, Planning & Permitting, Research & Development

    RWE has been awarded a 495 MW Electricity Business License (EBL) by the Ministry of Trade, Industry & Energy of South Korea to develop the Seohae offshore wind project, off the coast of Taean County. The license grants RWE its first exclusive development rights for offshore wind in South Korea since the company opened an […]

  • South Korea, UK Strenghten Offshore Wind Ties

    24 November 2023
    Collaboration, Outlook & Strategy

    The Republic of Korea (ROK) and the UK have signed a memorandum of understanding (MoU) concerning cooperation on offshore wind energy. The UK and ROK already have a proven relationship in offshore wind, with large-scale investments in the UK’s supply chain and in the development of ROK’s offshore wind sector. This MoU emphasises the will […]

  • Fugro on Survey Duty Offshore South Korea

    30 November 2023
    Business development, Research & Development

    Dutch geo-data specialist company, Fugro, has been picked by KREDO Offshore to support its offshore wind development in South Korea. Fugro will carry out a metocean and wind resource measurement campaign on the west coast of South Korea, offshore Yeonggwang County. The project site is currently in the initial investigation stage to assess its suitability for investment, […]

  • Equinor and KOSPO Join Forces Offshore South Korea

    6 December 2023
    Business development, Research & Development

    Korea Southern Power (KOSPO) and Equinor have signed a Memorandum of Understanding (MoU) to explore a potential collaboration on offshore wind projects near Chuja Island in South Korea. Under the agreement, KOSPO will collaborate with the Norwegian state-owned company Equinor to potentially develop large-scale offshore wind projects near Chuja Island. KOSPO expects that its collaboration […]

  • Hexicon Acquiring Shell’s Stake in 1.1 GW South Korean Floating Wind Project

    22 February 2024
    Business & Finance, Floating Wind

    Swedish floating wind developer Hexicon and Shell have signed an agreement under which Hexicon will acquire Shell’s 80 per cent stake in the MunmuBaram floating wind project. Once the transaction is closed, Hexicon, which currently holds the remaining 20 per cent stake, will fully own the South Korean project. Under the agreement, Hexicon will pay […]

  • K2 Management Wins Work on 420 MW South Korean Offshore Wind Farm

    31 January 2024
    Business development, Contracts & Tenders, Fixed-Bottom, Research & Development, Supply Chain

    Denmark-headquartered K2 Management (K2M) has been selected by Pacifico Energy Korea as the Owner’s Engineer for the first phase of a 3.2 GW offshore wind project in South Korea. The MyeongRyang Offshore Wind Project is the initial phase of a larger 3.2 GW offshore wind complex off the coast of Jindo-gun, Jeollanam-do in South Korea, […]

  • HBA Future Energy to Build 532 MW Anma Offshore Substation

    31 October 2023
    Contracts & Tenders, Grid Connection, Offshore Platforms, Supply Chain

    HBA Future Energy has been awarded a Preferred Supplier Agreement (PSA) by Anma Offshore Wind (Anma) for the provision of an offshore substation (OSS) under an engineering, procurement, construction, and installation (EPCI) contract for the 532 MW wind farm offshore South Korea. “This award reflects the confidence Anma has in our capabilities, and we are […]

  • Bureau Veritas to Provide Component Quality Control for South Korean Offshore Wind Project

    9 November 2023
    Contracts & Tenders, Supply Chain

    Bureau Veritas has been awarded a contract to provide Quality Control services for the Anma offshore wind farm in South Korea. Under the contract, Bureau Veritas will provide Quality Control services during the fabrication, manufacture, and installation of all major components, including wind turbines, offshore and onshore substations, foundations and cables (both array and export), […]

  • EEW Korea to Supply Pin Piles for 532 MW Anma Offshore Wind Project

    7 November 2023
    Business & Finance, Contracts & Tenders, Equipment, Supply Chain

    EEW Korea Heavy Pipe Construction (EEW KHPC) has signed a preferred supply agreement (PSA) with Anma Offshore Wind for the fabrication and supply of pin piles for the 532 MW offshore wind farm in South Korea. In this project, EEW KHPC plans to manufacture and supply 60 pin piles, a substructure that supports a 14 […]

  • CS Wind Vietnam Rolls Out First Towers for South Korean Offshore Wind Farm

    15 April 2024
    Manufacturing, Project Updates, Supply Chain, Wind Farm Update, Wind Turbines

    CS Wind’s yard in Ba Ria Vung Tau, Vietnam, has produced the first wind turbine tower for an offshore wind farm that Copenhagen Infrastructure Partners (CIP) and SK E&S are building in South Korea. According to a social media post by Stuart Livesey, CEO of Copenhagen Offshore Partners (COP) Vietnam, CS Wind is manufacturing towers […]

  • Mingyang to Supply 6.5 MW Turbines for Wind Project Offshore South Korea

    29 November 2023
    Supply Chain, Wind Turbines

    China’s Mingyang Smart Energy, in collaboration with Unison, has secured an order from Woori Technology to supply wind turbines for the Aphae offshore wind project in South Korea. According to Mingyang Smart Energy, the company will supply 13 6.5 MW wind turbines for the 80 MW offshore wind project. The units will be locally manufactured […]

  • CIP Inks MoU for Floating Offshore Wind Structures in South Korea

    2 February 2024
    Business & Finance, Contracts & Tenders, Floating Wind, Foundations, Supply Chain

    Denmark-headquartered Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding (MoU) with HSG Sungdong for the floating wind structures for its 1.5 GW Haewoori offshore wind project in South Korea. Under the non-binding MoU, the two companies plan to establish a partnership to explore opportunities to optimise the fabrication of floating foundations to reduce […]

  • Ørsted and South Korean City Bolster Offshore Wind Ties

    22 February 2024
    Business & Finance, Business development, Collaboration, Fixed-Bottom, Industry, Outlook & Strategy, Research & Development

    Ørsted has signed a Memorandum of Understanding (MoU) with Incheon Metropolitan City, South Korea, to cooperate on developing a regional offshore wind sector. The aim of the agreement is to establish a local wind power industry driven by Ørsted’s 1.6 GW offshore wind project off the coast of Incheon, the developer said. Through this collaboration, Incheon […]

  • RWE and Hyundai Partner on Offshore Wind and Green Hydrogen in South Korea

    15 November 2023
    Business & Finance, Business development, Collaboration, Green Hydrogen, Outlook & Strategy, Power-to-X, Research & Development

    RWE and Hyundai Engineering & Construction (Hyundai E&C), a subsidiary of South Korea’s Hyundai Motor Group, have signed a memorandum of understanding (MoU) to cooperate in the field of offshore wind and green hydrogen. The partners said they will work together to jointly develop offshore wind projects in South Korea in line with the country’s […]

  • Plans Unveiled for New Multi-Gigawatt Offshore Wind Project in South Korea

    30 October 2023
    Business & Finance, Cables, Fixed-Bottom, Foundations, Grid Connection, Planning & Permitting, Project Updates, Supply Chain, Wind Turbines

    Several Korean companies have joined forces on a multi-gigawatt offshore wind project in the southwest of Korea. The project consists of three offshore wind farms with a combined installed capacity of 3.2 GW, which would produce enough electricity to power 3 million households. On 30 October, HD Hyundai Electric, Pacifico Energy Korea, CS Wind, Korea […]

  • UK and South Korea Help Secure Millions for World’s Largest Monopile Factory

    27 November 2023
    Business & Finance

    UK Export Finance (UKEF) and South Korea’s export credit agency Korea Trade Insurance Corporation (K-Sure) have helped SeAH Wind to secure GBP 367 million in Standard Chartered Bank and HSBC UK financing to build the world’s largest wind monopile manufacturing facility. UKEF and K-Sure have secured support worth GBP 367 million for South Korean manufacturer […]

  • Esvagt Enters South Korean Offshore Wind Market, Partners with KMC Line

    28 February 2024
    Business development, Research & Development, Vessels

    Denmark’s offshore shipping company ESVAGT is entering the Korean offshore wind market through a strategic partnership with domestic shipping firm, KMC Line. ESVAGT and KMC Line have signed a letter of intent to cooperate in unlocking the potential for renewable energy production in South Korea. “We have no doubt that ESVAGT and KMC Line present […]

  • Vestas Secures Offshore Wind Turbine Order in South Korea

    29 December 2023
    Business & Finance, Project Updates, Supply Chain, Wind Farm Update, Wind Turbines

    Vestas has signed a preferred supplier agreement with Hanwha Corporation E&C Division for the 390 MW Shinan Ui offshore wind project in Shinan County, South Jeolla Province, South Korea. The project is developed by Shinan Ui Offshore Wind, a special-purpose company established by Hanwha Corporation E&C Division, SK D&D, and KOEN. If the project materialises, […]

  • Equinor Contracts DNV to Verify Substation FEED Work for South Korean Floating Wind Farm

    16 April 2024
    Floating Wind, Grid Connection, Offshore Platforms, Project Updates, Wind Farm Update

    Equinor has selected DNV to provide verification services for FEED (Front-End Engineering and Design) of the substation for the 750 MW Firefly/Bandibuli floating wind farm in South Korea. Announcing the contract for the South Korean project, DNV said that designing and installing floating substations present distinct challenges, including the need for high-voltage dynamic cables and […]

  • COWI Moves from FEED to Detailed Design on South Korean Offshore Wind Project

    7 November 2023
    Contracts & Tenders, Fixed-Bottom, Foundations, Project Updates, Supply Chain, Wind Farm Update

    After completing the work as the owner’s engineer delivering the front-end engineering design (FEED) for the Anma offshore wind project in South Korea, COWI has been awarded a detailed design contract for the 532 MW offshore wind farm. The Denmark-headquartered company has delivered FEED design for the wind turbine foundations and will now work on the […]

  • Ørsted Secures 1.6 GW Offshore Wind Capacity in South Korea

    30 November 2023
    Authorities, Fixed-Bottom, Planning & Permitting, Project Updates, Wind Farm Update

    Ørsted has secured an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for the 1.6 GW Incheon offshore wind project. The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project which is set to become the largest in Korea on completion and […]

  • Vestas to Supply 15 MW Turbines for 504 MW Floating Wind Project Offshore South Korea

    10 November 2023
    Business & Finance, Supply Chain, Wind Turbines

    Vestas has been confirmed as the preferred wind turbine supplier for BadaEnergy’s Ulsan Gray Whale 3 floating offshore wind farm in South Korea. The announcement was made in March this year, but at that time, the company left the project and its client unnamed. As per the agreement, Vestas will provide 33 units of the […]

  • Deep Wind Offshore and Hy2gen Form Green Hydrogen Partnership

    10 November 2023
    Business development, Collaboration, Green Hydrogen, Outlook & Strategy, Power-to-X, Research & Development

    Deep Wind Offshore has joined forces with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. “The combination of offshore wind and hydrogen has got massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy,” said Knut Vassbotn, CEO of […]

  • Yooshin, Pondera Performing Consultancy Work for Korean 600 MW Offshore Wind Project

    27 February 2024
    Business & Finance, Fixed-Bottom, Project Updates

    Wando Geumil Offshore Wind, the company developing the 600 MW Wando Geumil offshore wind farm in South Korea, whose majority shareholder is KOEN (Korea South-East Power Company), has awarded a contract for operations & maintenance (O&M) strategy consultancy services to Yooshin Engineering Corporation. Yooshin has subcontracted Pondera Consult to support the work that aims to […]