South Korea’s first floating wind project forges ahead

The country aims to increase offshore wind capacity by 16.5 GW.

South Korea’s 200 MW Donghae-1 floating offshore wind project has passed its preliminary feasibility study by the Korea Development Institute, taking one step closer to the country’s plans to raise its offshore wind capacity by 12 GW.

The Korea National Oil Corporation (KNOC) said that it welcomed the approval of the feasibility study and that it plans to  “pursue in earnest” the plans to deploy the nation’s first floating wind plant in 2026.

In July 2019, Equinor, KNOC and Korea East-West Power agreed to join forces to develop the project

Wind energy accounts for 1% of South Korea’s installed capacity, with 1.65 GW in 2020.