June 20, 2018 Read More →

South Korea moving forward with offshore wind projects

Greentech Media:

Renewable energy development behemoth Macquarie is eyeing a floating turbine project in South Korea as interest in offshore wind grows across the Asia-Pacific region.

The developer is reportedly partnering with South Korea’s Gyeongbuk Floating Offshore Wind Power for a 1-gigawatt project located around 30 miles from Pohang and Ulsan. 

Robert Liew, senior analyst for Asia-Pacific at Wood Mackenzie-owned MAKE Consulting, said the lack of details suggest the project is still in its early planning stages. “It would be more likely to see the light of day if the developer announced it had received permitting for the project, as getting local consent is a major barrier for offshore wind,” said Liew.

The potential Macquarie project is part of 4 gigawatts of offshore wind currently in the pipeline for South Korea. The largest of these developments is a 2.5-gigawatt wind farm called Southwest, being built by Korea Offshore Wind Power, a subsidiary of Korea Electric Power Corp., the national utility.

The first phase of Southwest is a 60-megawatt test site comprising twenty 3-megawatt Doosan turbines mounted on suction bucket and four-leg jacket foundations.

Elsewhere, South Korea’s first offshore wind farm, a 30-megawatt project off the coast of Jeju, an island south of the mainland, has been operational since 2016. Most other offshore wind developments in South Korea are still in the initial planning phase, Liew said. However, he noted: “The government has set an ambitious target of 18 gigawatts of wind capacity by 2030. And the only way to achieve this is via offshore wind, given its scale.”

More: Asia’s offshore wind sector diversifies

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