Haewoori Offshore Wind Signs Floating Tech MoU in South Korea

November 19, 2024, by Adnan Memija

Haewoori Offshore Wind has signed a memorandum of understanding (MoU) with Korea Marine Equipment Research Institute (KOMERI) and Ulsan Technopark for collaboration on floating offshore wind technology and workforce development.

Haewoori Ulsan technopark KOMERI — *Source: Haewoori Offshore Wind via LinkedIn*

Haewoori Offshore Wind is a project company founded in 2022 by Copenhagen Infrastructure Partners (CIP) and Copenhagen Offshore Partners (COP).

The agreement signed with KOMERI and Ulsan Technopark was established to revitalize the floating offshore wind industry in Ulsan and promote local economic development.

The three organizations plan to collaborate on the operation and maintenance of large-scale power generation facilities, technology development, and talent cultivation.

The 1.5 GW Haewoori floating wind farm is planned to be built at a site located approximately 80 kilometres off the coast of the city of Ulsan.

The developer has secured Electric Business Licenses (EBLs) for all three phases making up the project and has already awarded a contract for the production, transportation, and installation of floating foundations.

In October, the project company entered into a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO).