Floating offshore in South Korea

August 29th, 2024. Ulsan, South Korea. KF Wind, a 1,125 MW floating offshore wind project being developed off the coast of Ulsan by Ocean Winds and Mainstream Renewable Power has secured the Environmental Impact Assessment (EIA) approval from the Ministry of Environment for the totality of the two-phase project. Award of the EIA is a key milestone for the development of the two-phase floating offshore wind project, advancing towards construction.

The EIA has been achieved after more than 12 months of an onsite monitoring campaign and several rounds of consultations with local communities, key local stakeholders and fisheries. The EIA approval focused on the application of the highest environmental standards, incorporating the valuable experience of KF Wind’s sponsors, Ocean Winds and Mainstream Renewable Power.

Commenting on the matter, Austin Park, KF Wind's project director, stated, "I am very proud of achieving this key milestone for our project. The KF Wind teams, supported by Ocean Winds and Mainstream Renewable Power, are working diligently for the future 1,125 MW floating offshore project to not only generate clean energy and contribute to Korea’s energy transition but will also adhere to the highest standards of coexistence with local communities, other sea users, and the environment."

The EIA comprises the first phase, East Blue Power, of 375 MW and the second phase, KF Wind, of 750 MW. The scope includes 75 turbines and floating foundations, two bottom fixed offshore substations, three submarine export cables of 80 kilometers each, one onshore substation and the onshore high voltage line of 4.5 kilometers until the interconnection point at Korea Electric Power Corporation (KEPCO)’s Shinonsan onshore substation.

About KF Wind

KF Wind is a project being developed off the cost of Ulsan, South Korea. KF Wind is a joint venture company owned by Ocean Winds (66.7%) and Mainstream Renewable Power (33.3%). The project is currently in advanced development stages with exclusive rights of development through two Electric Business Licences (EBL) obtained in 2022. With a 1,125 MW installed capacity project divided in 2 sites, the first EBL KF Wind’s exclusively (750 MW) while the second EBL is a partnership between KF Wind and Kumyang Co, named East Blue Power (375 MW).

Total Statistics for the three sites for the two phase KF Wind project:

Installed Capacity: around 1,125 MW Grid connection Capacity: 1,125 MW Location: 80km off the coast of Ulsan, South Korea Power generation: 4,000GWh of electricity annually to power the equivalent of over 1.3 million households Environmental benefits: Reduce nearly 3 million tCO2eq greenhouse gas emissions every year Technology: Semi-submersible floating offshore wind

For more information visit www.koreafloatingwind.kr

About Mainstream Renewable Power:

Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of over 23.9 GW. 

For more information, visit mainstreamrp.com