Equinor and Korean companies form consortium for floating offshore wind project

Equinor and Korean companies form consortium for floating offshore wind project

Equinor, Korea National Oil Corporation (KNOC) and the Korean power company Korea East-West Power (EWP) have formed a consortium to develop floating offshore wind project Donghae 1, off Ulsan in South Korea.

The consortium is currently launching the development of a 200MW floating wind farm near the KNOC-operated Donghae natural gas field, and will carry out a feasibility study for the wind farm.

The construction of the wind farm is likely to start in 2022 pending results of the feasibility study.

“We are very pleased to be member of the partnership involved in realising the first floating offshore wind farm in Asia,” said Stephen Bull, senior vice president for the wind and low carbon cluster of New Energy Solutions in Equinor.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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