•  
  •  
  •  

EDPR, Aker Solutions join 500-MW floating wind project in S Korea

Floating wind turbine using WindFloat technology. Author: Untrakdrover. License: Attribution-ShareAlike 3.0 Unported.

October 18 (Renewables Now) - EDP Renovaveis (ELI:EDPR) and Norwegian engineering company Aker Solutions ASA have set up a consortium with Seoul-based WindPower Korea (WPK) with plans to develop a 500-MW floating wind farm off the coast of South Korea.

The two companies acquired a stake in the development company, Korea Floating Wind Power (KFWind), from its founders WPK and US floating wind specialist Principle Power Inc, says a joint statement on Friday. After the stake reshuffle, WPK will stay on board as a minority shareholder, while Principle Power is withdrawing from KFWind.

Principle Power will remain on the project as the supplier of the WindFloat foundation technology.

The developers plan to build the floating wind project off the coast of Ulsan Metropolitan City. In January 2019, the city and KFWind signed a memorandum of understanding (MoU) committing to cooperate on the development of floating wind projects.

More stories to explore
Share this story
Tags
 
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription