On June 16, 2021, according to South Korea’s Ministry of Trade, Industry and Energy,  Ocean Winds based in Madrid decided to invest $100 million to develop an offshore wind farm in Inchon, west of Seoul. In addition, EDPR, the parent company of Ocean Winds, decided to invest $100 million to build a solar power plant in South Korea.

Ocean Winds, founded in 2019, is a joint venture between EDPR, a Spanish energy company, and ENGIE from French, which specializes in investing in wind energy business around the world.

Edited and translated: Following The Wind