Ocean Winds, Ulsan partner to develop South Korean floating offshore wind project

The KF Wind project has a total capacity of 1.2 gigawatts.

Offshore wind developer Ocean Winds (OW) and the Ulsan Metropolitan City signed a Letter of Intent to strengthen their cooperation in developing the 1.2-gigawatt KF Wind floating offshore wind energy project in South Korea.

In a statement, OW said Ulsan with cooperate with the company to develop, operate and maintain the wind project, whilst it committed to constructing the project by 2030 and cooperating for technology transfer, manpower training and job creation in the Metropolitan City.

ALSO READ: New offshore wind capacity to reach 380 GW by 2032

The partnership will contribute to Ulsan’s strategy to be the country’s first Specialised Zone for Regional Energy Decentralisation.

It was signed by Ulsam Mayor Kim Doo-gyeom and OW CEO Bautista Rodriguez Sanchez.

KF Wind Project is a joint venture between OW which holds a 66.7% stake, and Mainstream Renewable Power with a 33.3% share.

Also Read

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

India’s solar scheme installs 385,000 units in first six months

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit