WindPower Korea, EDP Renewables, and Aker Solutions have formed a consortium with the ambition to develop an initial 500MW floating wind farm off the coast of Ulsan Metropolitan City in South Korea.
The consortium, named Korea Floating Wind Power (KFWind), chose Ulsan as the area for a new floating wind farm partly because the considerable number of shipyards and port facilities located within the city make it a suitable location for supporting commercial offshore wind projects.
The consortium has not disclosed when development of the project will commence but clarified that it will be in line with the South Korean government's plans to have 13 GW of power generated from offshore wind by 2030.
KFWind had earlier signed a memorandum of understanding with the City of Ulsan in January 2019 to cooperate on the development of floating wind projects and support the industrial development of the Ulsan region to serve as a manufacturing hub for domestic and export offshore wind markets.
