Wind Energy – Floating Wind
Korea Floating Wind, the joint venture between Ocean Winds and Aker Offshore Wind, has obtained its second Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 450 MW.
Obtaining the second EBL represents another key step towards realizing the world’s first large scale commercial floating wind project. The EBL is a mandatory requirement to generate and supply electricity in South Korea and follows the 870 MW EBL that KF Wind was granted at the end of January 2022.
Overall, KF Wind’s floating wind project now holds a 1.32 GW EBL capacity, covering the 1.2 GW net capacity target (based on grid limits), and able to power the equivalent of over 1.3 million households.
“This second EBL secures us continued exclusive development rights in the East Blue Power area, which KF Wind is developing in collaboration with our partner Kumyang Green Power, an Ulsan-based electrical engineering company and renewable energy developer. Kumyang plays an important role in supporting KF Wind’s relationship with the local administrations and the local communities, and in the engagement with the supply chain,” said Guzman Figar, Project Director of KF Wind.
