Amscap, G8, SOWP and SDIA to co-develop 2.7 GW floating solar PV complex in the Yellow Sea
Amsterdam Capital Partners B.V. (AMSCAP), G8 Subsea Pte. Ltd., the Saemangeum Development and Investment Agency of Korea (SDIA) and Saemangeum Offshore Wind Power Ltd. (SOWP) have agreed to cooperate in the joint development of renewable energy in the Samangeum Industrial Complex, located on the West coast of Korea. Plans for the area include 300 MW of offshore wind and up to 2.7 GW of floating photovoltaic located behind one of the world’s largest seawalls.
AMSCAP and G8 will work mainly alongside SOWP in respect of the joint development of offshore wind from respectively a financial and a technical perspective. SOWP developed the 100 MW offshore wind project. The project is in its final development stage, with all permits (both local and national) and regulatory approvals now secured.
SDIA is responsible for Saemangeum Project, a grand national development project established in 2013. Saemangeum is a 409 km2 reclaimed area located at the centre of West Coast of Korea with the world’s longest sea wall.
Korean Government is committed to developing Saemangeum into a global business hub and free trade hub of Northeast Asia.
Country updates
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November 19, 2019
GCL SI-Powin Joint Venture to deliver energy storage solution
GCL System Integration (GCL SI) and Powin Energy (Powin), has formed a joint venture, branded as G-Powin Energy Solution, to expand their energy storage business in the Asia-Pacific region. During th...
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October 28, 2019
500MW floating offshore wind to be developed in South Korea
WindPower Korea, EDP Renewables and Aker Solutions have formed a consortium to develop a 500 megawatt floating wind farm off the coast of Ulsan Metropolitan City in South Korea.
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September 13, 2019
Pondera, Hanmi Global to develop 100 MW Jeju Hanlim offshore wind project in South Korea
Pondera and Hanmi Global were awarded a contract from Jeju Hanlim Offshore Wind Co. to perform the role as an owner’s engineer. The Jeju Hanlim Offshore project is the third offshore wind proje...
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August 26, 2019
K2 Management to wins O&M contract for 200 MW Donghae 1 floating wind project in South Korea
KEPCO Engineering & Construction Company (KEPCO E&C), a subsidiary of KEPCO (Korea Electric Power Corporation), has appointed K2 Management to help it deliver the first floating offshore wind...
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July 11, 2019
Equinor, partners to develop 200 MW Donghae 1 floating wind project off the coast of South Korea
Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in So...
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