Deep Wind Offshore secures electricity business permit for Korea wind farm

The project now commences development following the granting of permit.

Deep Wind Offshore has secured its first Electricity Business License for its Admiral Lee Offshore Wind Project in South Korea.

In a statement, Deep Wind said this development will allow the 345-megawatt project to proceed with the Environmental Impact Assessment and Implementation Plan Approval and its target participation in upcoming centrally run REC/PPA auctions thereafter.

The Admiral Lee Offshore Wind Project is a large-scale wind farm off the coast of Yeosu, Jeollanam-do. It is being developed based on a partnership signed in 2025 between Deep Wind Offshore and Korea’s largest power producer, Korea Hydro & Nuclear Power (KHNP).

Authorities approved the project’s public water surface occupancy and use permit in December 2024.

Based on high-resolution integrated wind data collected through the floating LiDAR installed in May 2025, the project area is planned to be expanded, along with an increase in total generation capacity of more than 1 gigawatt.