World’s first large floating wind project gets approval
South Korea The second licence permits production of up to 450 MW on the project. It follows a similar licence given in January 2022 for 870 MW. Electric business licences are a mandatory requirement to generate supply of electricity in South Korea.
Korea Floating Wind is a joint venture between Spain’s Ocean Winds and global offshore energy developer Aker Offshore Wind, with 66.7% and 33.3% shares respectively.
The planned 1.2-GW facility will be able to power around 1.3 million households and reduce greenhouse gas emissions by 3 million tonnes per year.
The asset is expected to come on line by 2028.
Recent Posts
Shelf Drilling wins $54-million North Sea contract
Oslo-listed Shelf Drilling has secured a contract for the Shelf Drilling Fortress jack-up rig with an undisclosed North Sea operator… Read More
In new agrivoltaics vision, Australia solar farm integrates sheep
A 720-MW Australian solar farm is pioneering a model of agrivoltaics with livestock integration by playing host to more than… Read More
Sapura wins underwater services contract in Malaysia
Malaysia’s Sapura Energy has been awarded a five-year contract from Thailand’s PTTEP to conduct Pan Malaysia subsea services for Petronas… Read More
Qatar strikes $6-billion deal with China shipyard for LNG carriers
QatarEnergy has struck a USD 6-billion deal with the China State Shipbuilding Corporation (CSSC) to build 18 of the largest… Read More
Chevron expands in Namibia with offshore farm-in
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More