OSLO, Norway, March 3, 2022 /PRNewswire/ -- Korea Floating Wind
("KF Wind"), the joint venture between Ocean Winds (66.7 percent)
and Aker Offshore Wind (33.3 percent), has obtained its second
Electric Business License (EBL) from the Ministry of Trade,
Industry and Energy of the Republic of Korea for a capacity of 450
MW.
Obtaining the second EBL represents another key step towards
realizing the world's first large scale commercial floating wind
project. The EBL is a mandatory requirement to generate and supply
electricity in South Korea and
follows the 870 MW EBL that KF Wind was granted at the end of
January 2022. Overall, KF Wind's
floating wind project now holds a 1.32 GW EBL capacity, covering
the 1.2 GW net capacity target (based on grid limits), and able to
power the equivalent of over 1.3 million households.
"This second EBL secures us continued exclusive development
rights in the East Blue Power area, which KF Wind is developing in
collaboration with our partner Kumyang Green Power, an Ulsan-based
electrical engineering company and renewable energy developer.
Kumyang plays an important role in supporting KF Wind's
relationship with the local administrations and the local
communities, and in the engagement with the supply chain," said
Guzman Figar, Project Director of KF
Wind.
"Ocean Winds celebrates this second success, and we are very
proud of the efforts of our South Korean team in building
relationships of trust with our stakeholders. We are coming
together to realize this key floating offshore wind project for
South Korea which will contribute
toward the national energy transition to decarbonize, as well as
the economic development of the region of Ulsan. KF Wind could
contribute up to 77 percent of content manufactured in Korea,
of which around 63 percent would be fabricated in the Ulsan
area, resulting in the creation of thousands of jobs and the
reindustrialization of the region," said Grzegorz Gorski, Chief Operating Officer of
Ocean Winds.
"Following the first EBL granted earlier this year, I am very
pleased to see KF Wind awarded the second EBL. This confirms a
strong vote of confidence from the South Korean government and
sustains the pace for South Korea
to be the leading market for GW-scale, floating offshore wind power
generation. Together with our partners, we are on track to build in
Ulsan the world's first industrial-scale floating offshore wind
farms by 2028," said Philippe
Kavafyan, Chief Executive Officer of Aker Offshore Wind.
KF Wind has already commenced most of the field studies and is
continuing its engagement with key local users of the ocean as
required to secure the remaining permits. The permits are expected
to be approved during 2023, with the objective of reaching
financial close in 2024.
CONTACT:
Ocean Winds: Jose Miguel Mesa
josemiguel.mesa@oceanwinds.com
Aker Offshore Wind: Maria Lanza Knudsen, media
contact, maria.knudsen@akeroffshorewind.com
Aker Offshore Wind: Christian Yggeseth, investor relations,
christian.yggeseth@akerhorizons.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/aker-offshore-wind-as/r/ocean-winds--aker-offshore-wind-secure-second-electric-business-license-for-1-2-gw-floating-offshore,c3517323
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KF Wind
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