Ocean Winds, Aker secure Electric Business License for 1.32 GW KF Wind off the coast of Ulsan

Korea Floating Wind (KF Wind), the joint venture between Ocean Winds (66.7%) and Aker Offshore Wind (33.3%), has obtained its second Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 450 MW.

The EBL is a mandatory requirement to generate and supply the electricity in South Korea and follows the 870 MW EBL that KF Wind was granted at the end of January 2022. Overall, KF Wind’s floating wind project now holds a 1.32 GW EBL capacity, covering the 1.2 GW net capacity target (based on grid limits), and able to power the equivalent of over 1.3 million households.

Ocean Winds (OW) is an offshore wind energy joint venture owned 50:50 by EDP Renewables and ENGIE.