The US$14.27m project can produce 750kW.
South Korea’s first floating wind turbine will start test operations off the coast of Ulsan in the first half of 2018, Yonhap News Agency reports.
The US$14.27m project will make South Korea the fifth country to run a floating wind farm following Norway, Britain, Japan, and Portugal.
The project to build the 750-kW turbine was launched in 2016 jointly with the University of Ulsan, Mastek Heavy Industries Co., Unison, and Seho Engineering Co.
Ulsan targets an offshore wind power complex with 50 floating turbines by 2022 with an investment of 1.5 trillion won.
South Korea plans to install offshore wind farms with a combined capacity of 12GW as part of its long-term goal to increase the proportion of renewable energy to 20% by 2030.
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