Deep Wind Offshore has entered into a partnership with East West Power to develop a 4GW offshore wind portfolio in South Korea.
East West Power is a state-owned power generator which has more than 11GW of capacity in South Korea.
It has been reported that the duo has already signed an agreement for the same.
Under the deal, they will develop four projects which will include both floating and fixed-bottom wind.
Deep Wind Offshore CEO Knut Vassbotn commented, “We are extremely excited to collaborate with EWP on these projects. The complementary capabilities of our companies create a solid foundation for successfully developing the projects to benefit the energy transition in Korea and provide opportunities for the national supply chain and local communities.”
Meanwhile, EWP chief executive Young-Moon Kim was of the view that South Korea is enriched with the possibility of offshore wind development.
The country has strong infrastructure to support the development of which the projects can be “more stable and feasible”.
