Wind Energy – South Korea
Ørsted has signed a memorandum of understanding (MoU) with Incheon Metropolitan City in South Korea to cooperate on developing a world-class offshore wind power industry in the region.
The aim of the agreement is to establish a successful local wind power industry driven by Ørsted’s 1.6 GW offshore wind project off the coast of Incheon.
Through this collaboration, Incheon City will provide administrative support, including enhancing local awareness and understanding, and establish policies and infrastructure for offshore wind, while Ørsted will leverage its more than 30 years of experience to develop its projects into an exemplary model that will be of mutual benefit to local residents, businesses, and suppliers.
“Ørsted will work closely with the City of Incheon to launch a new offshore wind industry and boost local economic development in the region. We have a strong track record working with Korean suppliers in our global portfolio over the past decade. We’ll build on this legacy of collaboration with our Incheon project, which will lead the way for a thriving offshore wind industry by generating reliable renewable energy, attracting long-term investments, and creating jobs,” said Thomas Thune Andersen, Chair of the Board of Directors of Ørsted.
