Deep Wind Offshore has secured an Electricity Business License (EBL) for the 345MW Admiral Lee offshore wind farm in South Korea.
The permit, issued by Korea’s Electricity Regulatory Commission under the Ministry of Trade, Industry and Energy, allows the project to move into its next development phase.
Admiral Lee is located off the coast of Yeosu, Jeollanam-do and is being developed in partnership with Korea Hydro & Nuclear Power.
Deep Wind Offshore said the approval reflects growing collaboration between international and domestic players in the country’s offshore wind sector.
Chief executive Knut Vassbotn said: “Securing the EBL is a major step forward – not only for the Admiral Lee project, but for Deep Wind Offshore’s long-term presence in Korea and our path towards realising the project together with strong local partners.”
He added: “It is a testament to the strength of true partnerships built on mutual respect and shared ambitions.”
The project previously received a Public Water Surface Occupancy and Use Permit in December 2024.
It will now proceed with its Environmental Impact Assessment and Implementation Plan Approval, ahead of potential participation in Korea’s centrally run REC or PPA auctions.
A floating LiDAR deployed in May 2025 has been collecting high-resolution wind data to support expansion of the project’s capacity beyond 1GW.
Deep Wind Offshore Korea representative director Myoung-won Kang said: “By building a development model that ensures both local acceptance and technical reliability through our strategic partnership with KHNP, we aim to make a substantial contribution to the growth of Korea’s offshore wind ecosystem.”
Pictured: Knut Vassbotn and Myoung-won Kang, Deep Wind Offshore.