Ørsted to kickstart South Korean offshore industry
Energy company has signed a letter of intent with a Korean city to establish offshore wind infrastructure, though has stopped short of making a financial commitment.
Ørsted wants to help build the offshore wind industry in South Korea. Or more precisely in Incheon City, where the Danish energy company was awarded an Electricity Business License (EBL) in November, giving it exclusive rights to develop a 1.6 GW offshore wind farm around 70 km off the coast of the port city. Ørsted has signed a memorandum of understanding with Incheon City.
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