The developers of the 200MW Donghae 1 floating offshore wind farm off South Korea have completed a feasibility study for the project.
Korea National Oil Corporation, Korea East-West Power and Equinor said the proposed project off Ulsan had passed the preliminary feasibility study conducted by the Korea Development Institute.
Advertisement
The developers aim to start generating 750,000 megawatt-hours of electricity a year from the wind farm from 2024.
Korea National Oil Corporation head of new growth projects Ahn Beom-Hee said: “This is a meaningful starting point for a major transition from the era of carbon energy to the era of clean energy in the future.”