875 results found for 'south korea'

875 results found for 'south korea'
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  • BREAKING: South Korea Becomes Offshore Wind Energy Producer

    29 September 2016
    Operations & Maintenance, Wind Farm Update

    South Korea received first electricity generated by an offshore wind farm on Thursday, September 29, 2016, KBS World Radio reports. The first power was generated by three out of the ten 3MW turbines installed at the 30MW Tamra offshore wind farm off Geumdeung-ri in Jeju Island, located about 0.5 – 1 km from the shore. The power produced by the […]

  • Esbjerg and Ulsan Forge Offshore Wind Bond

    21 May 2019
    Authorities, Business & Finance

    Denmark’s Municipality of Esbjerg has signed an agreement to establish cooperation in the field of offshore wind energy with South Korea’s Ulsan Metropolitan City. In February 2019, the Royal Danish Embassy in Korea entered a cooperation agreement on renewable energy with the Ulsan Metropolitan City. Recently, Ulsan Metropolitan City has announced its objective to transform […]

  • South Korea Unveils EUR 27 Billion Floating Wind Project

    7 May 2021
    Authorities, Wind Farm Update

    The Government of South Korea will invest KRW 1.4 trillion (around EUR 1 billion) in the first phase of the project to develop a 6 GW floating wind farm offshore Ulsan, the country’s president Moon Jae-in said. The mammoth project will need a public-private investment of some KRW 36 trillion (EUR 26.7 billion), with the […]

  • 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. […]

  • Equinor Adds Technip Energies to Floating Offshore Wind Team in South Korea

    4 April 2022
    Contracts & Tenders, Technology, Wind Farm Update

    Equinor South Korea Co Ltd has selected the engineering and technology company, Technip Energies, to carry out a Front-End Engineering Design (FEED) for the 800 MW Firefly floating wind project offshore South Korea. The FEED contract covers the engineering of the floating wind turbine substructures for the Firefly floating offshore wind farm. The design of […]

  • CIP and Vena Energy’s South Korean Offshore Wind Farm Secures Offtake Contract

    24 January 2025
    Authorities, Business & Finance, Fixed-Bottom, Planning & Permitting

    Taean Wind Power, a joint offshore wind project between Copenhagen Infrastructure Partners (CIP) and Vena Energy, has secured a fixed-price offtake contract in South Korea, with commercial operations expected to begin by late 2029. The 500 MW offshore wind project has been awarded an offtake contract in the 2024 wind power fixed-price contract auction arranged […]

  • 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 […]

  • 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 […]

  • Vena, KOMIPO to Develop 384 MW Offshore Wind Farm in South Korea

    12 May 2022
    Business & Finance, Wind Farm Update

    Vena Energy and Korea Midland Power Co. Ltd. (KOMIPO) have partnered on the development of a 384 MW offshore wind project near Yokji Island in South Korea. The Singapore-headquartered company announced the the signing of a Joint Development Agreement with KOMIPO only a day after revealing the establishment of a consortium with Shikoku Electric Power […]

  • Offshore Wind Farms Could Spark EUR 65 Billion Economic Boom in South Korea – Report

    17 May 2024
    Industry, Jobs & Recruitment, Market Outlooks, Outlook & Strategy

    The construction of offshore wind farms in South Korea could introduce over 770,000 job opportunities and contribute KRW 87 trillion (approximately EUR 65 billion) worth of investments into the economy, according to two reports from the Global Wind Energy Council (GWEC). GWEC’s new reports reveal that offshore wind development supports local economic growth, especially in […]

  • Equinor’s South Korean Floating Wind Farm to Feature Siemens Gamesa 15 MW Turbines

    15 October 2024
    Business & Finance, Collaboration, Floating Wind, Outlook & Strategy

    Siemens Gamesa will deliver 15 MW turbines for the 750 MW Bandibuli (Firefly) floating offshore wind project in South Korea, with plans for nacelles to be assembled locally as part of an agreement. Doosan Enerbility has signed a memorandum of understanding (MoU) with Siemens Gamesa and Equinor for cooperation on the Bandibuli floating offshore wind […]

  • 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 […]

  • Equinor, LS Cable & System Ink South Korean Floating Wind Agreement

    6 November 2024
    Business & Finance, Floating Wind

    LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating offshore wind, which is being considered for introduction through […]

  • 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 […]

  • 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 […]

  • SK Ecoplant Joins Corio and TotalEnergies on South Korean Offshore Wind Projects

    6 September 2022
    Business & Finance, Contracts & Tenders

    Corio Generation and TotalEnergies have joined forces with SK Ecoplant to develop the 2 GW BadaEnergy offshore wind portfolio in South Korea. SK Ecoplant, which will join the partners in taking the projects from early planning through licensing and construction to operation, will also acquire a stake in the portfolio, subject to the completion of […]

  • Three More Floating Offshore Wind Projects in South Korea Secure Grid Connection

    11 October 2024
    Business & Finance, Floating Wind, Grid Connection, Project Updates, Wind Farm Update

    Three floating offshore wind projects, being developed off the coast of Ulsan, South Korea, have entered into a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO). The floating offshore wind projects that signed the TSA are Gray Whale (BadaEnergy), Haewoori (Copenhagen Infrastructure Partners), and Bandibuli (Equinor). This week, the 1,125 MW MunmuBaram and […]

  • South Korea Discusses Its Offshore Wind Development with UK

    19 August 2012
    Training & Education

    A delegation of leading officials from South Korea visited OrbisEnergy this week, Lowestoft’s flagship hub for offshore renewable energy, to understand the UK market and to discuss opportunities for developing their own offshore wind industry. The UK is the world’s largest market for offshore wind development. In addition, the February 2012 Ernst & Young quarterly […]

  • South Korea Plans to Build 2.5 GW Offshore Wind Farm

    10 November 2010

    South Korea has confirmed it intends to become a major player in the offshore wind sector with an announcement last week that an $8.2 billion (€5.9 bn) wind farm will be built in the Yellow Sea. With an eye to reducing its dependence on expensive imported fossil fuels, the nation will begin testing 20 5-MW […]

  • RWE Targets 1.5 GW of Floating Wind Offshore South Korea

    29 November 2021
    Authorities, Business & Finance, Contracts & Tenders, R&D, Technology

    German energy company RWE and the Ulsan Metropolitan City will cooperate on the development of floating offshore wind projects off the South Korean coast with an envisaged capacity of up to 1.5 GW. A corresponding Memorandum of Understanding was signed recently between RWE and Ulsan City, in support of South Korea’s Net Zero 2050 ambition. […]

  • Top News of the Week, 26 Sep – 2 Oct 2016

    2 October 2016

    South Korea Becomes Offshore Wind Energy Producer South Korea received first electricity generated by an offshore wind farm on Thursday, September 29, 2016. Take a 360° Aerial Tour of an Offshore Wind Farm with Siemens (Video) Siemens has released a video showing a 360° flight to an offshore wind farm. Beatrice Contract Pushes EEW Into […]

  • South Korea’s President Reaffirms 12 GW of Offshore Wind by 2030 Goal

    17 July 2020
    Authorities, Business & Finance

    President of South Korea Moon Jae-in has pledged to expand the country’s offshore wind power capacity from the current 124 MW to 12 GW by 2030, according to local media. Moon announced his pledge on Friday, 17 July, during a visit to a turbine research center and the operational 60 MW Southwest Offshore Demonstration Wind Farm […]

  • Norwegian Developer Secures Site for Gigascale Wind Project Off South Korea

    6 October 2022
    Business & Finance, Contracts & Tenders, Wind Farm Update

    Deep Wind Offshore has secured site exclusivity for gigawatt-scale wind development in the Southern Sea offshore South Korea. A few months ago, the Norwegian developer signed a Memorandum of Understanding (MoU) with East West Power to collaborate on four projects totalling more than 4 GW of floating and bottom-fixed offshore wind in South Korea. After […]

  • LS Cable & System, Northland Power Team Up in South Korea

    3 November 2021
    Business & Finance, Contracts & Tenders

    South Korean subsea cable manufacturer LS Cable & System and Canadian offshore wind developer Northland Power have signed a Memorandum of Understanding (MOU) on cooperation in the South Korean offshore wind market. LS Cable & System was recently selected as a preferred supplier of submarine cables for Northland Power’s 1 GW Hai Long Wind Farm […]

  • First Pin Piles for Taiwanese Offshore Wind Farm Loaded in South Korea

    28 April 2020
    Ports & Logistics, Wind Farm Update

    The first pin piles fabricated in South Korea for the Taiwan Power Company Offshore Windfarm Phase 1 Project – Demonstration have been loaded out for transport to Taiwan. As previously reported, Edgen Murray, in collaboration with South Korea’s SeAH, completed the manufacturing of 80 pin piles for the project, also known as Changhua Phase 1, […]

  • South Korea to Build Offshore Hydrogen Plants Powered by Floating Wind

    7 May 2021
    R&D, Technology, Wind Farm Update

    Ten major South Korean companies, municipalities, and organisations are spearheading a project to develop and build offshore hydrogen production plants powered by floating wind. The first phase of the project includes the construction of a 100 MW demonstration electrolyzer plant in the East Sea. This is an excerpt from a Premium article published on our […]