Wind Energy – Hub
Ulsan City has taken a significant step towards becoming a global hub for renewable energy by signing a letter of intent (LOI) with four consortiums of prominent domestic and international developers to create the world’s largest floating offshore wind farm.
The consortiums include Norway’s Firefly (Bandibuli) Floating Wind Farm, Denmark’s Haeuli Floating Offshore Wind Power, Spain’s KF Wind, and Korea-UK-France’s Gray Whale Offshore Wind Farm.
These companies, along with various energy firms and asset management entities, have committed to a total investment of 37.2 trillion won.
The project aims to generate 6.2GW of power, equivalent to the output of six nuclear power plants.
Ulsan City anticipates that this agreement will attract both domestic and international energy technology and capital, propelling the city to become a global hub for the offshore wind industry.
