RWE is exploring floating wind offshore South Korea
RWE eyes South Korea offshore wind project
German company agrees with Ulsan Metropolitan City to cooperate on development of floating project with a capacity of up to 1.5GW
German energy company RWE has agreed to work with South Korea’s Ulsan Metropolitan City to potentially develop a floating offshore wind project with up to 1.5GW of capacity. RWE joins a growing list of several European energy companies exploring large-scale wind projects offshore South Korea in recent months, and highlights the Asian country’s status as one of the fastest-growing markets in the sector. The country’s goal is to scale up offshore wind capacity to 12GW and for renewables to account for 30pc of the energy mix by 2030. “South Korea’s excellent wind resource, in combination with deep waters close to energy demand, poses a great opportunity for floating wind,” says Sven Utermoehlen
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
