Korea Floating Wind Joins Forces with Local Fishermen

December 25, 2024, by Adnan Memija

Korea Floating Wind (KF Wind), a floating offshore wind project being developed by Ocean Winds and Mainstream Renewable Power, has signed a memorandum of understanding (MoU) with the East Marine Energy Fishermen’s Union.

KF Wind signed the MoU for mutual cooperation with the five local fisheries’ associations comprising the East Marine Energy Fishermen’s Union, which mainly operate within the 1,125 MW floating offshore wind farm area.

Under the MoU, KF Wind will secure seamless cooperation from the fisheries affiliated with the Federation in the project’s development process in the Ulsan area.

On the other hand, the fisheries will maintain close communication with KF Wind to address any factors that may affect their fishing rights and implement measures for mutual growth.

“Close communication and cooperation with the fisheries who rely on the Ulsan coast for their livelihoods is one of the most important aspects of developing a sustainable floating offshore wind farm,” said Austin Park, KF Wind’s project director.

“We will listen to the voices of the fisheries, who are key stakeholders in the community, and work towards creating a mutually beneficial relationship that leads to a win-win outcome.”

The floating offshore wind project is planned to be built about 80 kilometres from the coast of Ulsan.

In October, the developer secured a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO) for the first phase of its project.