GIG, TotalEnergies to progress 504 MW floating wind project off the coast of Ulsan Metropolitan City
Macquarie's Green Investment Group (GIG) and TotalEnergies have obtained an Electricity Operating License (EBL) for their floating offshore wind power project on the coast of Ulsan, South Korea. This is South Korea's first floating offshore wind power project to obtain a power business license from the Electricity Regulatory Commission of the Ministry of Trade, Industry and Energy.
The project has a maximum installed capacity of 1.5 GW developed in three stages and is one of the largest floating offshore wind power development projects in the world. The power business license grants partners the exclusive right to develop to promote the first phase of the 504 MW project. The detailed environmental impact assessment will begin in the first phase, and construction is expected to begin in 2024.
Country updates
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July 15, 2021
Eurus Energy starts the commercial operation of the 21 MW Samsu Wind Power project in Taebaek
Eurus Energy Group, in partnership with Daehan Green Energy Co., Ltd. and Korea South-East Power Co., Ltd., has launched the commercial operation of the 21 MW Samsu Wind Power project. The power plan...
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June 24, 2021
Vestas to equip 46 MW Yeongwol Eco wind farm in Gangwon
Vestas has received a 46 MW order from Yeongwol Eco Wind Co., Ltd. for the Yeongwol Eco Wind Project in Korea. Co-owned with E1 Corporation and to be constructed by Daewoo E&C, the project will be...
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May 31, 2021
K2 to provide design and engineering services for 504 MW Taean Offshore Wind Farm
K2 Management (K2M) has been selected for design and engineer services for Taean Wind Power’s 504 MW offshore wind farm in South Korea. With substantial climatological and topographical constra...
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May 06, 2021
South Korea co-financing US$700m with ADB for climate and ICT projects
The Asian Development Bank (ADB) and the Republic of Korea have signed a memorandum of understanding earmarking US$700 million in co-financing from the Republic of Korea for ADB sovereign development...
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December 12, 2020
Hyundai Motor, partners to develop hydrogen refueling station project in Incheon
Hyundai has signed a a memorandum of understanding (MoU) with Incheon International Airport Corporation, Air Liquide Korea, and Hydrogen Energy Network to install a hydrogen refueling station for fuel...
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