Renewable

November 26 (Renewables Now) - Renewable energy firm BayWa r.e. today announced the signing of a memorandum of understanding (MoU) with the mayor of Ulsan City in South Korea for the development of floating offshore wind projects.

Song Cheol-ho, the mayor of Ulsan, has been promoting floating wind off the city coast since he was elected in 2018. The plan is to have multiple developer consortia deploy several gigawatts of capacity by 2030. According to the announcement, the proposed scheme has received high levels of public support.

The company, which is owned by BayWa AG and Energy Infrastructure Partners, already has an office in Seoul. It has been actively pursuing on- and offshore wind and solar developments in the region since the opening of that office in 2019.

BayWa r.e. is also taking part in the ScotWind offshore wind leasing tender in Scotland and was pre-qualified for participation in a floating wind tender in Brittany, France.