Search results for: south korea

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  • Korea South-East Power Inks 600MW Offshore Wind Deal

    24 November 2017
    Business & Finance, Contracts & Tenders, Wind Farm Update

    South Korean energy company Korea South-East Power (KOEN) has signed a Memorandum of Understanding (MoU) to build a 600MW offshore wind farm off the Wando Island as part of the Jeonnam Wando Island 5GW Wind Power Generation project.

  • South Korea Working on Grid Plan for 8.2 GW of Offshore Wind

    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 […]

  • Hyundai Heavy Industries Installs Korea’s Largest Offshore Wind Turbine

    18 February 2014
    R&D, Technology

    Hyundai Heavy Industries Co., Ltd. (HHI) today announced that it completed the installation of a 5.5 MW offshore wind turbine prototype on Kimnyeong Wind Farm on Jeju Island, South Korea. The offshore wind turbine, measuring 100 m hub height and 140 m rotor diameter, is the largest unit ever installed in South Korea. It can […]

  • BP Enters Offshore Wind Market in South Korea

    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 […]

  • South Korea Holds 243 TWh of Offshore Wind Energy Potential, Says Report

    9 September 2012
    R&D

    With the countries all over the world developing their wind energy potential, South Korea has also joined the trend by initiating a massive wind energy program that is expected to relieve the country of its huge fossil fuel imports that currently energize the country. South Korea has recently realized the vast wind reserves which has […]

  • Taewoong Goes up After Offshore Wind Announcement (South Korea)

    11 November 2011
    Business & Finance

      Taewoong Co., a maker of parts for wind-power plants, rose as much as 15 percent in Seoul trading after South Korea’s energy ministry said… By Saeromi Shin (bloomberg) [mappress] Source: bloomberg, November 11, 2011

  • 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 […]

  • Heavy Hitters Join South Korean Floating Wind Project

    10 September 2020
    Contracts & Tenders, Technology, Wind Farm Update

    Doosan Heavy Industries & Construction and Hyundai Heavy Industries have signed agreements with Korea National Oil Corporation to join the Donghae 1 floating offshore wind project in South Korea. Under the agreements signed this week, Doosan Heavy will provide wind turbines for the project, and HHI, the world’s largest shipbuilding company, will deliver floating foundations. […]

  • Ørsted, HSG Sungdong Sign Foundations Contract for Wind Farms Offshore Taiwan

    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 […]

  • Wind Power Exhibition Kicks Off in South Korea

    6 December 2012

    ‘Wind Power Korea 2012’ is held from 5th to 7th December by Gyeongsangnam-do, a hub of east south area of Korea. 94 companies participate in the exhibition running at CECO (Changwon Exhibition Convention Center) located in Gyeongsangnam-do, a city taking 80% of Korean Wind Power System and 50% of component industry in Wind Power industry. Gyeongsangnam-do is […]

  • South Korea Tapping Into Dutch Offshore Wind Know-How

    11 November 2016
    Authorities, Business & Finance, Grid Connection, Operations & Maintenance, R&D, Technology, Training & Education

    Energy research Centre of the Netherlands (ECN) and DUWIND/TU Delft have designed a long-term training programme for future South Korean experts who will work on developing offshore wind potential off the Jeju Island. Over a five-year period, academic-level Koreans will receive training in basic theory, applied knowledge and practical knowledge, ECN said. ”Starting in summer 2017, 10 Koreans will […]

  • Ørsted Orders Changhua Jackets in South Korea

    11 June 2019
    Contracts & Tenders, Wind Farm Update

    Danish offshore wind developer Ørsted has signed contracts with South Korea’s Samkang M&T and Hyundai Steel Industries for the supply of jacket foundations for the 900MW Changhua 1 and 2a offshore wind project in Taiwan. Samkang M&T will manufacture and deliver 28 jacket foundations, and Hyundai Engineering & Steel Industries 27 units, according to Korean media. […]

  • K2 Management Nets South Korean Offshore Wind Gig

    16 December 2016
    Wind Farm Update

    K2 Management has been awarded a contract for a feasibility study for an offshore wind farm in South Korea. The company said that, on its client’s request, it will not disclose any project-related information. K2 Management will partner up with a local engineering company for the development of wind farm layout, review and assessment of […]

  • South Korea’s Investment into Offshore Wind Could Help Domestic Shipbuilders

    14 September 2011

    South Korea’s investment in a 9.2 trillion won ($8.4 billion) offshore wind farm may help domestic shipbuilders challenge Siemens AG (SIE)… By Kyunghee Park and Natalie Obiko Pearson (bloomberg) [mappress] Source: bloomberg, September 14, 2011

  • SPT Offshore Signs Korean Offshore Wind Deal

    20 June 2017
    Business & Finance, Wind Farm Update

    SPT Offshore has made its first entry into the Korean offshore wind industry by signing a Memorandum of Understanding (MoU) with Korea Wind Energy on 15 June 2017.

  • South Korea’s First Commercial Offshore Wind Farm Goes Live

    17 November 2017
    Wind Farm Update

    South Korean Tamra offshore wind farm was officially opened today (17 November) at a ceremony attended by South Korea’s Minister of Trade, Industry and Energy, Paik Ungyu, and the officials from Korea South-East Power, the wind farm’s developer.

  • CoensHexicon Awarded Four More Offshore Wind Sites in South Korea

    25 October 2021
    Authorities, Business & Finance, Wind Farm Update

    Two provinces of South Korea have decided to grant CoensHexicon, a joint venture between Hexicon and Korean company Coens, permission to measure wind conditions in a total of four offshore areas. The permission also entails a priority right to develop offshore wind farms within the areas, according to Hexicon. The first site includes three locations […]

  • Ocean Winds Increases Stake in Floating Offshore Wind Specialist

    26 May 2023
    Business & Finance

    EDP has transferred its 25.4 per cent stake in floating offshore wind platform company Principle Power to Ocean Winds, a 50:50 joint venture between EDP Renewables and Engie. With this transaction and adding to its previous ownership, Ocean Winds now holds a total of 36.25 per cent of Principle Power. The transfer of EDP’s stake […]

  • Norwegian Developer Teams Up with East West Power on 4 GW Plan in South Korea

    30 June 2022
    Business & Finance

    Norwegian offshore wind developer Deep Wind Offshore has signed a Memorandum of Understanding with East West Power to collaborate on four projects totalling more than 4GW of floating and bottom fixed offshore wind in South Korea.     “The complementary capabilities of our companies create a solid foundation for successfully developing the projects to benefit the energy […]

  • Damen Fast Ferry 4212 “Seastar” for South-Korea

    5 November 2010

    Recently Damen Shipyards Gorinchem (Netherlands) received an order for a DFF 4212 for Seaspovill in South Korea. As Damen has this type of ferry on stock the vessel has a short delivery time. The vessel’s hull was already built by Afai Southern Shipyard Guangzhou (China) and thereafter it was transported to Damen Shipyards in Singapore. […]

  • Equinor, South Koreans Float 200MW Wind Farm Plan

    8 July 2019
    Business & Finance

    Equinor, the Korea National Oil Corporation (KNOC) and Korea East-West Power Corporation have established a consortium to develop a 200MW floating offshore wind project in South Korea. The Donghae 1 floating offshore wind farm would be developed near KNOC’s existing Donghae gas platform located 58km off the coast of Ulsan City. The consortium will carry out […]

  • Shell and Hexicon Pick Vestas 15 MW Turbines for Large-Scale Floating Wind Project

    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 […]

  • Non-EU Countries Take Pace in Offshore Wind

    15 November 2012

    Offshore wind power is evolving in non-EU countries, what has not been the case just before couple of years, the Digitimes Research says. Offshore wind development in the U.S.,Japan and South Korea is taking its pace. The Cape Wind project off the coast of Massachusetts, U.S.has been approved after years of waiting. Japan is shifting […]

  • Finance Secretary to Promote Scottish Businesses in Japan and South Korea

    13 April 2012
    Authorities

    Finance Secretary John Swinney will next week visit Japan and South Korea to promote Scottish businesses. Mr Swinney will visit Tokyo, Osaka, Pusan and Seoul where he will showcase the innovation and skills of Scotland’s energy sector and promote Scotland’s food and drink. He will use his visit as a chance to meet with representatives […]

  • Scottish Development International Working with South Korea to Develop Marine Technology Industry

    7 May 2013
    Technology

    Finance Secretary John Swinney witnessed the signing of a Memorandum of Understanding between Scottish Development International and Incheon Metropolitan City to encourage the two countries to exchange knowledge, ideas and technologies to develop their marine energy industries. The MoU will help to increase trade links between South Korea and Scotland, providing a new market for […]

  • South Koreans Sign 2.4 GW Offshore Wind Agreement

    17 December 2020
    Authorities, Business & Finance

    South Korea’s Doosan Heavy Industries & Construction has signed an agreement with the government of North Jeolla Province to cooperate on the construction of a 2.4 GW offshore wind project. The project will be developed off the southwestern coast between Gochang County and Buan County, with expected completion by 2028. Under the agreement, the North […]