OSLO, Norway, Jan. 25, 2022 /PRNewswire/ -- Korea Floating Wind
("KF Wind"), a joint venture between Ocean Winds (66,7%) and Aker
Offshore Wind (33,3%), has obtained its first Electric Business
License (EBL) from the Ministry of Trade, Industry and
Energy of the Republic of Korea for a capacity of 870MW, a key
step toward realizing what will be part of the largest and first
commercial scale floating wind farm in the world.
The EBL is a mandatory requirement to generate and supply
electricity in South Korea and
grants KF Wind exclusive development rights to realize the project.
KF Wind expects the second EBL to follow for a capacity of 450MW
and continues to mature the project with the objective of reaching
financial close in 2024.
"The EBL is a major milestone in the development of the project
and the result of the great work by the KF Wind team. Securing the
EBL will allow KF Wind to continue with its investment plan and to
create local jobs in South Korea.
We will continue our cooperative work with all stakeholders,
including local fishermen and organizations, to make this project a
reality," said Guzman Figar, Project
Director of KF Wind.
"Ocean Winds is very proud to contribute to South Korea's important commitments in terms
of clean energy production and environmental protection. Thanks to
the commitment of our teams and the relationships built within the
region, the emission of the EBL represents one step closer to our
goal of 1.2 GW projects in Ulsan, powering the equivalent of over
1.3 million households and reducing nearly 3 million tCO2eq
greenhouse gas emissions every year. An undeniable breakthrough for
Ocean Winds, for KF Wind and for South
Korea," said Grzegorz Gorski,
Chief Operating Officer of Ocean Winds.
"We are very pleased by this timely grant of the first
Electric Business License, confirming the strong support we
receive in South Korea to make
offshore wind a national ambition. Our proven floating technology
from Principle Power will enable a faster industrialization of the
supply chain to deliver with our partners in South Korea the job creation associated with
the first large commercial scale floating windfarm," said
Philippe Kavafyan, Chief Executive
Officer of Aker Offshore Wind.
South Korea aims to generate 20
percent of its power from renewable sources by 2030, of which 12GW
from offshore wind. At COP26, the
South Korean government committed to reduce greenhouse gas
emissions by at least 40 percent by 2030 from a 2018 peak.
CONTACT:
Ocean Winds: Jose Miguel
Mesa, josemiguel.mesa@oceanwinds.com
Maria Lanza Knudsen, media contact,
+47 48 44 24 26, maria.knudsen@akeroffshorewind.com
Christian Yggeseth, investor contact, +47 915 10 000,
christian.yggeseth@akerhorizons.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/aker-offshore-wind-as/r/ocean-winds-and-aker-offshore-wind-reach-key-electric-business-license-milestone-for-floating-offsho,c3491508
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content:https://www.prnewswire.com/news-releases/ocean-winds-and-aker-offshore-wind-reach-key-electric-business-license-milestone-for-floating-offshore-wind-project-in-south-korea-301467263.html
SOURCE Aker Offshore Wind AS