Korea Floating Wind signs MOU to expedite Ulsan project

Wind Energy – Floating Wind Korea

Korea Floating Wind, one of the five developers involved in the Ulsan floating offshore wind project site, signed a cooperation agreement with the Ulsan floating offshore wind power fishermen’s countermeasures committee, and Ulsan Suhyup (National Federation Fisheries Cooperatives), accelerating the construction of what is anticipated to be the world’s largest floating offshore wind farm cluster.

On April 23, the parties involved gathered at the Ulsan Chamber of Commerce and Industry (UCCI) to sign the agreement, which aims to expedite the project by fostering cooperation throughout all phases of development, including but not limited to conducting onshore and offshore surveys, acquisition of permits and approval, securing resident support during construction, operation and maintenance.

A key focus of the agreement is to strengthen community relations and develop a cooperative model between developers and fisheries to solidify this relationship, which includes engaging stakeholders in a joint study for a win-win existence program.

Austin Park Project Director of KF Wind, currently serving as the Chair of Ulsan Floating Offshore Wind Association, expressed optimism that this agreement will serve as a model for community-focused development and contribute significantly to the regional economy.

At the ceremony, Mr. Park also said the Ulsan floating offshore wind project sites will make Korea a global floating wind farm operator, making significant contributions to Korea’s Nationally Determined Contribution(NDC) targeting at least 30% of renewable energy by 2036, achieving carbon neutrality and strengthening energy security.

The Ulsan floating offshore wind projects by five developers, located about 60-100km east of Ulsan in Korea’s Exclusive Economic Zone, plan to have a total capacity of up to 6.2 GW.

In April last year, these five project developers launched the Ulsan Floating Offshore Wind Association to facilitate smoother cooperation among developers and stakeholders, and the UCCI joined as a special member.

The developers are backed by global renewable energy companies including OW Ocean Winds and Mainstream Renewable Power for KFW and EBP Projects.

Original Source: https://ocean-energyresources.com/2024/04/24/korea-floating-wind-signs-mou-to-expedite-ulsan-project/