Search results for: ulsan

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  • Ulsan Floating Offshore Wind Association Ink Cooperation Agreement with South Korean Fishing Communities

    24 April 2024
    Business development, Collaboration, Outlook & Strategy, Research & Development

    Ulsan Floating Offshore Wind Association, representing five offshore wind developers, has signed a Memorandum of Understanding (MoU) with the Ulsan Floating Offshore Wind Power Fishermen’s Countermeasures Committee and Ulsan Suhyup (National Federation of Fisheries Cooperatives) to cooperate on offshore wind developments in Ulsan, South Korea. On 23 April, the parties involved gathered at the Ulsan […]

  • Vestas and Maersk to Build Offshore Wind Hub in South Korea

    22 April 2024
    Business & Finance, Business development, Collaboration, Infrastructure, Jobs & Recruitment, Outlook & Strategy, Supply Chain, Wind Turbines

    Wind turbine manufacturer Vestas has revealed plans to build a nacelle factory and a logistic base for offshore wind turbines in South Korea in partnership with A.P. Moller – Maersk. The plan, part of a wider agreement, is dependent on the pace of market growth and awarded volume for Vestas, the company said. Other signatories […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Aker Solutions, Principle Power Win FEED Deal for 1 GW South Korean Floater

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

    Haewoori Offshore Wind 2 and 3, Copenhagen Infrastructure Partner’s (CIP) floating offshore wind projects in South Korea, have awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for the floating foundations. Haewoori 2 and 3 are planned to have a capacity of 500 MW each. The floating offshore wind projects […]

  • 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 […]

  • CBED Signs SOV Deal with Siemens Gamesa

    24 April 2024
    Business & Finance, Contracts & Tenders, Supply Chain, Vessels

    Offshore wind service provider CBED has signed a contract with Siemens Gamesa Renewable Energy for their new service operations vessel, Wind Creation, which will join the commissioning of an offshore wind farm in the Netherlands. The project will commence by the end of the second quarter of 2024 and run for the remainder of the […]

  • 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 […]

  • 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 […]

  • POSCO, Equinor Pen Offshore Wind MoU in South Korea

    15 September 2023
    Business development, Collaboration, Outlook & Strategy, Research & Development, Supply Chain

    POSCO International and Norway-based Equinor have signed a Memorandum of Understanding (MoU) to explore opportunities related to the development of offshore wind in South Korea. POSCO International and Equinor will explore various initiatives under the agreement which include potential joint ventures and joint investment in projects within offshore wind including the Firefly/Bandibuli floating wind project […]

  • POSCO E&C, Equinor Sign Ulsan Firefly Floating Offshore Wind Agreement

    25 August 2023
    Collaboration, Floating Wind, Outlook & Strategy, Wind Farm Update

    South Korea’s POSCO E&C has signed an agreement with Norwegian Equinor to promote the 750 MW Ulsan Firefly floating offshore wind farm in South Korea. Through this agreement, POSCO E&C plans to establish a strategic partnership with Equinor, Norway’s state-owned energy company, in domestic offshore wind power development, construction, transportation, and other areas. “We are […]

  • SeAH, Navantia Seanergies Form Offshore Wind Ties

    1 August 2023
    Collaboration, Contracts & Tenders, Floating Wind, Outlook & Strategy

    Spanish state-owned Navantia Seanergies and SeAH have signed a collaboration agreement for the development of offshore wind in countries on the Asian continent. The collaboration between the two companies focuses on the manufacture of complete floats, components or materials manufactured in Korea or in countries where SeAH has facilities, or could be installed, such as […]

  • KEPCO E&C Wins FEED Deal for Floating Wind Project Offshore South Korea

    19 June 2023
    Contracts & Tenders, Grid Connection

    BadaEnergy has signed a front-end engineering design (FEED) contract with KEPCO Engineering and Construction (KEPCO E&C) for the onshore power supply system of the Ulsan Gray Whale 3 offshore wind farm in South Korea. Under the contract, KEPCO E&C will perform as the FEED contractor for onshore cable route design and onshore substations of the […]

  • CIP Commits to EUR 320 Million Investment in South Korean Offshore Wind Projects

    21 June 2023
    Business & Finance, Fixed-Bottom, Floating Wind

    On 21 June, in the presence of the Republic of Korea’s President Yoon Suk-Yeol, Managing Partner of Copenhagen Infrastructure Partners (CIP), Jacob Baruël Poulsen, signed an Investment Notification Form with which CIP is committing to invest USD 350 million (approximately EUR 320.5 million) into offshore wind projects in Korea. The investments from CIP’s Flagship funds […]

  • Major Industry Players Team Up on Floating Wind Development Offshore Ulsan

    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 […]

  • BayWa r.e. and Ulsan City Sign Floating Offshore Wind MoU

    26 November 2021
    Business & Finance

    BayWa r.e. has signed a Memorandum of Understanding (MOU) with Ulsan City, South Korea, for the development of floating offshore wind projects off the coast of Ulsan. According to BayWa r.e., floating wind enjoys high levels of public support in Ulsan City, in part due to the city’s major Song Cheol-ho promoting the industry and […]

  • Copenhagen Offshore Partners Installs Floating LiDAR in South Korea

    24 September 2020
    R&D, Wind Farm Update

    Denmark-headquartered offshore wind developer Copenhagen Offshore Partners (COP) has installed a floating LiDAR off South Korea. According to the company’s post on social media, the LiDAR was “finally” deployed on 18 September following a series of typhoons in Korea. The floating LiDAR will carry out a range of measurements, including collecting offshore wind data that […]

  • Vestas Joins 9 GW Floating Offshore Wind Project in South Korea

    9 March 2022
    Authorities, Business & Finance, Technology, Wind Farm Update

    Danish wind turbine manufacturer Vestas has signed a Memorandum of Understanding (MoU) with Ulsan City, Ulsan Port Authority, and Sejin Heavy Industries & Construction to cooperate on Ulsan’s plan to develop a 9 GW floating offshore wind complex by 2030. According to the MoU, Ulsan City, Sejin Heavy Industries & Construction, and Ulsan Port Authority […]

  • Total Enters South Korean Floating Wind Market

    1 September 2020
    Business & Finance, Jobs & Recruitment, Technology

    Energy major Total and Macquarie’s Green Investment Group (GIG) have signed a series of agreements to co-develop an initial 2.3 GW portfolio of floating offshore wind projects in Korea. The portfolio consists of five projects, three in Ulsan totaling 1.5 GW and two in South Jeolla Province totaling 800 MW. Subject to the completion of […]

  • GIG Launches 1.4GW Offshore Wind Project in South Korea

    10 June 2019
    Wind Farm Update

    Macquarie’s Green Investment Group (GIG) has completed the installation of South Korea’s first floating LiDAR, marking the launch of the 1.4GW Ulsan offshore wind project. Located about 60 kilometers east of Seosang-myon, Ulju-gun, Ulsan City, the Ulsan project is being progressed in three separate phases. Development of the first 400MW phase is targeted for completion […]

  • KOEN Picks Vestas 15 MW Turbines for Wando Geumil Offshore Wind Farm

    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 […]

  • Vestas 15 MW Turbines Selected for 495 MW Floating Wind Farm in South Korea

    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 […]

  • Equinor Bolsters South Korea Floating Wind Ties

    6 May 2019
    Business & Finance, R&D

    Norway’s Equinor has signed a Memorandum of Understanding (MoU) with South Korea’s Ulsan City to cooperate on the development of floating wind projects in South Korea. Under the MoU, Equinor and Ulsan City will jointly explore the opportunities for the development of floating wind projects in South Korea. According to Ulsan City, Equinor, the operator […]

  • Vestas Sets Sights on South Korea

    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 […]