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Balmoral Comtec enters agreement for Korea’s 750 MW FWP

Wind Energy – Korea

Balmoral Comtec, a Balmoral Group company and a leading provider of buoyancy, protection and insulation services to the global offshore energy market, has signed a memorandum of understanding (MoU) for cooperation in the floating offshore wind power sector with LS Cable & System, one of the biggest cable manufacturers worldwide, and LS Marine Solution, Korea’s leading marine solution provider to collaborate in the floating offshore wind sector.

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Taean Wind Power secures fixed-price offtake contract

Wind Energy – South Korea

Copenhagen Offshore Partners announced the successful award of an offtake contract for Taean Wind Power in the 2024 Wind Power Fixed-Price Contract Auction, arranged by the Korea Energy Agency (KEA). 

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Tidal Transit and Britoil Offshore Services expand into South Korea

Wind Energy – South Korea

Tidal Transit, UK-headquartered supplier of purpose-design crew transfer vessels (CTVs), has signed a Memorandum of Understanding (MoU) with Britoil Offshore Services (Singapore) and Sky Offshore (South Korea) to develop, fund, build and operate offshore support vessels for the South Korean offshore wind industry.

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Fixed-price contract for offshore wind development in Korea

Wind Energy – South Korea

Copenhagen Infrastructure Partners (CIP) and Vena Energy have announced that their joint offshore wind project, Taean Wind Power, has secured an offtake contract in the 2024 Wind Power Fixed-Price Contract Auction organised by the Korea Energy Agency (KEA).

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MoU to offer renewable service solutions to South Korean wind market

Wind Energy – South Korea

OEG signed a Memorandum of Understanding (MoU) between OEG Renewables and COENS concerning the provision of pre-construction, construction, installation, and operations and maintenance (O&M) services to offshore wind projects in South Korea.

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Hanwha Ocean and others hit 1.4 trillion Won jackpot

Wind Energy – South Korea

Two domestic shipbuilders, including Hanwha Ocean, will secure and are formalising the final details of orders worth 1.4 trillion KRW for two 15MW-class large offshore wind turbine installation vessels (WTIVs), laying the groundwork for self-reliance in South Korea’s offshore wind construction market.

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