Recently, the development of floating offshore wind power in South Korea has made milestone progress: the 1.5GW floating offshore wind project planned to be built in Ulsan by Macquarie Green Investment Group (GIG) and France’s Total Energies has obtained Electricity Business License (EBL) issued by Electricity Regulatory Commission (ERC) under the Ministry of Trade, Industry and Energy (MOTIE). This is the first time that South Korea has ever been granted an operation license for a floating offshore wind power project, and it is also a key step in the authorization process of the project. The first award is 504MW in the first phase of the project. The developer announced that after obtaining the government’s approval, they will begin to conduct an environmental impact assessment immediately to ensure that the construction phase can start in 2024.
Edited and translated: Following The Wind