875 results found for 'south korea'

875 results found for 'south korea'
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  • 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 […]

  • 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 Unveils Plans for Massive 3.2 GW Offshore Wind Project

    7 May 2025
    Authorities, Business development, Planning & Permitting, Research & Development

    On 22 April, South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced that a massive 3.2 GW offshore wind cluster will be developed in Sinan-gun, South Jeolla Province. The South Korean ministry designated the proposed cluster as an integrated complex after a meeting of the New and Renewable Energy Expert Committee. The offshore wind […]

  • Exchanging International Expertise at OBMC 2012, Germany

    6 November 2012

    International cooperation was the focal point of the second day of the Offshore Business Meeting and Conference (OBMC) 2012. The network agency windcomm schleswig‐holstein had invited a business delegation from South Korea to take part in the meeting and build up networks with European companies. The South Korean delegation included representatives from Daewoo Shipbuilding and […]

  • 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 […]

  • 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 […]

  • 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 […]

  • South Korea Losing Pace in Offshore Wind Race

    9 May 2016
    Business & Finance, R&D, Wind Farm Update

    Doosan Heavy Industries (DHI) has remained the only South Korean company interested in the state-backed project for the development of up to 2.9 GW of offshore wind capacity in the Yellow Sea region, Business Korea reports. DHI is reportedly planning to develop a 60 MW offshore wind test site, with other companies losing interest in the project due to delays […]

  • Shell Making Further Floating Offshore Wind Moves in South Korea

    15 March 2022
    Business & Finance, Contracts & Tenders

    Shell Gas & Power Developments B.V. has signed a memorandum of understanding (MoU) with power generation company Korea Southern Power Co., Ltd (KOSPO) to drive Shell’s floating offshore wind and renewable energy ambition in South Korea. Under the MoU, the two energy companies will explore collaboration opportunities to contribute to Korea’s energy transition. This could […]

  • Cyan, Hyundai Asset Team Up to Strengthen Supply Chain of South Korea’s Offshore Wind Sector

    13 May 2024
    Business & Finance, Business development, Collaboration, Outlook & Strategy, Research & Development

    Cyan Renewables has signed a Memorandum of Understanding (MoU) with Seoul-headquartered Hyundai Asset Management to facilitate the strategic investment in South Korea’s offshore wind supply chain. Under the MoU, Cyan Renewables and Hyundai Asset Management seek to build vessel capacity and strengthen the supply chain for South Korea’s growing offshore wind sector. In doing so, […]

  • Siemens Gamesa to Make 14 MW Offshore Wind Turbine Nacelles in South Korea

    12 March 2025
    Business & Finance, Equipment, Infrastructure, Supply Chain, Wind Turbines

    Doosan Enerbility will build a factory for the production of Siemens Gamesa’s 14 MW offshore wind turbines in South Korea. On 11 March, Doosan Enerbility signed an Early Works Agreement with Siemens Gamesa that will see the company design and build a production factory in Changwon, South Korea. Siemens Gamesa will promote technology transfer and […]

  • Deep Wind Offshore Brings Local Partner Onboard South Korean Projects

    25 March 2025
    Business & Finance, Collaboration, Outlook & Strategy

    Norway’s Deep Wind Offshore has signed a partnership agreement with Korea Hydro and Nuclear Power (KHNP) to jointly develop the Admiral Lee and Abalone offshore wind projects in South Korea. The signing ceremony took place in Oslo, accompanied by the Ambassador of the Republic of Korea to Norway, Seo Min-Jeong, and Jo Sletbak from the […]

  • 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 […]

  • Ørsted Reveals Offshore Wind Plans in South Korea

    24 November 2020
    Business & Finance, Wind Farm Update

    Ørsted has disclosed plans to develop South Korean offshore wind projects with a potential capacity of up to 1.6 GW off the coast of Incheon City. The projects will be located more than 70 kilometres from the main parts of Incheon City and have relatively shallow water depths at the target project site to allow […]

  • South Korea Launches 1.5 GW Offshore Wind Tender

    28 October 2024
    Authorities, Contracts & Tenders, Fixed-Bottom, Floating Wind, Planning & Permitting, Supply Chain

    South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has opened a tender for 2.8 GW of wind and solar energy capacity, 1.5 GW of which is being sought through offshore wind. On 25 October, Korea’s Energy Agency’s Renewable Energy Center issued an invitation to tender which seeks to award 1 GW of fixed-bottom offshore […]

  • CIP, SK E&S Achieve Financial Close on South Korean Offshore Wind Project

    11 October 2023
    Business & Finance, Fixed-Bottom, Project Updates, Wind Farm Update

    The 99 MW Jeonnam I offshore wind farm in South Korea, being developed jointly by SK E&S and Danish Copenhagen Infrastructure Partners (CIP), has reached financial close. The construction completion of the wind farm is expected by the end of 2024. Jeonnam Offshore Wind Power was founded in 2020 as a 51-49 joint venture between […]

  • 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 […]

  • All Turbines Up at First South Korean Commercial-Scale Offshore Wind Farm

    18 December 2024
    Fixed-Bottom, Project Updates, Supply Chain, Wind Farm Update, Wind Turbines

    The final wind turbine has been installed at the Jeonnam 1 offshore wind farm in South Korea, the project’s wind turbine supplier Siemens Gamesa said via social media on 18 December. Jeonnam 1, which has a nominal installed capacity of 96 MW, features Siemens Gamesa SG 10.0-193 DD wind turbines and is expected to provide enough […]

  • 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.

  • Largest Privately Led Offshore Wind Farm in South Korea Enters Commercial Operation

    21 May 2025
    Fixed-Bottom, Project Updates, Wind Farm Update

    The 96 MW Jeonnam 1 offshore wind project, owned by a joint venture between Copenhagen Infrastructure Partners (CIP) and SK Innovation E&S, has officially commenced commercial operation in South Korea. Copenhagen Offshore Partners, exclusive offshore wind development partner to CIP, has co-led project development activities for Jeonnam 1 on behalf of the project’s owners. Jeonnam […]

  • LS Cable & System to Supply Offshore Cables for CIP’s South Korean Floating Wind Farm

    20 November 2024
    Business & Finance, Cables, Floating Wind, Grid Connection

    LS Cable & System has signed a letter of intent (LOI) with Denmark’s Copenhagen Infrastructure Partners (CIP) for the supply of offshore cables for the Haewoori Offshore Wind 3 project in South Korea. The Haewoori floating offshore wind project is planned to be built in three phases, with a total capacity of 1.5 GW. The […]

  • Mingyang Targets South Korean Offshore Wind Market with Multi-Million-Euro Investment

    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 […]

  • South Korea to Invest in Energy Industry

    22 March 2012
    Authorities, Business & Finance

    South Korea is going to invest around 1 billion US dollars into research and development of energy industry, reports Xinhuanet The ministry planned to give support to several sectors such as solar power, offshore wind power, fuel cell and solar photovoltaic cell sector, to help them expand in overseas markets. It is also planned to […]

  • 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 […]

  • 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 […]

  • 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 […]