Aker Offshore Wind obtains license for floating wind in South Korea

Together with Ocean Winds, the company has obtained a license for a floating wind farm in South Korea.

Photo: Aker Offshore Wind

Aker Offshore Wind and Ocean Winds have secured a license for a 870MW floating wind farm in South Korea, which will become the largest commercial project of its kind in the world, according to the company.

To generate and supply electricity in South Korea, it’s necessary to obtain an electric business license. In addition to the license, Korea Floating Wind, which is the name of Aker and Ocean Winds’ joint venture, has obtained the exclusive rights to the project. The partners further expect to secure a license for an additional 450MW of floating wind.

”We are very pleased by this timely grant of the first Electric Business License, confirming the strong support we receive in South Korea to make offshore wind a national ambition,” says CEO of Aker Offshore Wind Philippe Kavafyan in a press release and adds:

”Our proven floating technology from Principle Power will enable a faster industrialization of the supply chain to deliver with our partners in South Korea the job creation associated with the first large commercial scale floating wind farm.”

The two offshore companies found more success in South Korea than in Scotland, where Aker and Ocean Winds had to leave empty-handed from the Scotwind licensing round in January. The two partners had planned investments to the tune of GBP 15bn.

The partners have teamed up with Statkraft for a planned bid on the floating wind area Utsira Nord.

Statkraft joins Aker on Norwegian floating wind

Aker Offshore Wind leaves Scottish licensing round empty-handed

17 projects win licenses in Scotwind tender

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