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Equinor to develop world's biggest floating offshore wind project in South Korea

11/07/2019
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Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have this week announced the formation of a consortium to develop the floating offshore wind project Donghae 1 off Ulsan in South Korea.
Equinor to develop world's biggest floating offshore wind project in South Korea
(Image via Equinor).

The planned 200MW floating wind farm will be likely located close to the KNOC-operated Donghae natural gas field. This location presents the opportunity to potentially use the Donghae 1 platform as a substation for the wind farm – a consideration which will be factored into the consortium’s forthcoming feasibility study for the project.

Pending results of the feasibility study, the consortium will start constructing the floating offshore wind farm in 2022, with possible power production start-up in 2024.

Commenting on the formation of the consortium, Equinor’s senior vice president for the wind and low carbon cluster of New Energy Solutions, Stephen Bull, said:

“We are very pleased to be a member of the partnership involved in realising the first floating offshore wind farm in Asia. If we succeed in realising the project, the Donghae floating offshore wind project will be the world’s biggest floating wind farm, more than twice the size of Hywind Tampen on the Norwegian continental shelf. A floating offshore wind farm of this size will help further increase the competitive of floating offshore wind power in the future.”

The project comes at a time when South Korea has decided to transform its energy mix from nuclear power and coal to renewable energy. The share of renewable energy in its power production is estimated to increase to 20% by 2030; aiming to add 49GW to its renewable production capacity by 2030, of which solar power accounts for 31GW and wind power 16GW.

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Equinor to develop world's biggest floating offshore wind project in South Korea - Time to read 2 min
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