Ørsted secured 1.6 GW electricity business license for Incheon offshore wind project
The Ministry of Trade, Industry & Energy of Korea has granted a 1.6 GW electricity business license (EBL) to Ørsted for an offshore wind project located 70 km off the coast of Incheon City.
This project holds the potential to aid Incheon City in reaching its net-zero target by supplying renewable energy to over a million Korean households, thereby reducing annual carbon emissions by around 4 million tonnes. Ørsted's upcoming steps for the Incheon offshore wind endeavor involve conducting environmental impact assessments, site investigations, and gearing up for participation in Korea's annual fixed-price wind auction. Pending successful outcomes from these processes and Ørsted's final investment decision, the project is anticipated to be finalized in the early 2030s.
Country updates
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November 02, 2023
Deal signed to provide 532 MW offshore substation for wind project in South Korea
HBA Future Energy Holdings has signed a deal to provide a 532 MW offshore substation for a wind project in South Korea. HBA Future Energy has secured a Preferred Supplier Agreement (PSA) from Anma Of...
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September 14, 2023
Letter of intent (LOI) signed for 1.2 GW floating wind project in South Korea
Ulsan Metropolitan City and Ocean Winds (OW), a 50-50 joint venture of EDP Renewables and Engie have signed a letter of intent (LOI) for the 1.2 GW floating offshore wind energy project...
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July 31, 2023
532 MW offshore wind project in South Jeolla complete final environmental impact assessment
Anma Offshore Wind has concluded the final Environmental Impact Assessment (EIA) for its 532 MW offshore wind farm project in South Korea. The assessment, undertaken in collaboration with South Korea'...
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April 11, 2023
Summit Ridge Energy buys 1.2 GW of solar PV panels
Summit Ridge Energy has announced a 1.2 GW module order with Qcells, making it the largest equipment purchase in the US community solar market's history. The order also includes 20 MWh of Qcells Geli...
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December 07, 2022
Vestas to supply turbines for 1.3 GW floating offshore wind project in South Korea
The joint venture of Shell and HEXICON AB has selected Vestas as the preferred supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea.
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