Equinor joins South Korea’s wind sector
SEOUL, November 17, 2021 – Equinor has signed an MoU with state-owned East-West Power to build 3 GW of offshore wind developments in South Korea, the Norwegian energy company announced on Wednesday.
The company plans to develop South Korea’s first offshore wind farm.
“South Korea aims to become one of the leading global markets for offshore wind in the next decade,” said Pål Eitrheim, executive vice president in renewables at Equinor.
The Korean government aims to grow its renewables capacity by around 60 GW by 2034, of which 12 GW is earmarked for offshore wind by 2030.