Middle East

KFWind Obtains “Key” License for Giant Floating Offshore Wind Turbine

Korea Floating Wind (“KF Wind”), a joint venture between Ocean Winds and Aker Offshore Wind, has obtained the first electricity business license (EBL) from South Korea’s Ministry of Trade, Industry and Energy with a capacity of 870 MW.

According to Aker Offshore Wind, licensing is an important step towards becoming part of the world’s largest and first commercial-scale floating wind turbine.

EBL is an essential requirement for generating and supplying electricity in South Korea and grants KFWind exclusive development rights to realize the project.

KF Wind expects the second EBL to continue with a capacity of 450 MW and continues to mature the project with the goal of achieving financial results in 2024, Aker Offshore Wind said Tuesday.

“EBL is a major milestone in project development and the result of great work by the KF Wind team. By securing EBL, KF Wind can continue its investment plans and create local jobs in South Korea. Yes, please continue to work with all stakeholders, including local fishermen and organizations, to make this project a reality. ” Guzman Figur, Project Director of KFWind.

Gujegosh Gorski, Ocean Winds Chief Operating Officer said: “Ocean Winds is very proud to be able to contribute to South Korea’s key efforts in terms of clean energy production and environmental protection. EBL is one step closer to the goal of the 1.2 GW project in Ulsan, with more than 1.3 million households. It supplies electricity to the city and reduces greenhouse gas emissions by 3 million tCO2eq every year. South Korea. ”

“We are very pleased with the timely grant of this first utility license and confirm the strong support we are receiving in South Korea to make offshore wind a national ambition. Principle Power’s proven float Formal technology will enable faster industrialization of the supply chain. We will work with our South Korean partners to create jobs related to the first large, commercial-scale floating wind turbines. ” I am. Philip Cavafian, Chief Executive Officer of Aker Offshore Wind.

South Korea aims to generate 20% of its electricity from renewable energy sources by 2030, of which 12GW is offshore wind. At COP26, the Government of South Korea has promised to reduce greenhouse gas emissions by at least 40% from its peak in 2018 to 2030.

https://www.oedigital.com/news/493757-kf-wind-gets-key-license-for-giant-floating-wind-farm-in-south-korea KFWind Obtains “Key” License for Giant Floating Offshore Wind Turbine

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