DWO, EWP Partner To Develop 4GW Offshore Wind In South Korea

In a key development, Deep Wind Offshore (DWO) has partnered with East West Power (EWP) for the development of offshore wind projects in South Korea. DWO is an offshore project developer based out of Norway and East West Power is a state owned South Korean energy company.

Both DWO and EWP will construct four floating and bottom-fixed offshore wind energy projects under the new collaboration. The total capacity of the project is projected to be more than 4GW.

Knut Vassbotn, Chief Executive Officer, Deep Wind Offshore, stated, “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.”

Young-Moon Kim, top executive of EWP, said, “Participating in the offshore wind energy sector is the global trend and an essential element for the sustainable growth of EWP. Most of all, Korea has a great infrastructure to support the offshore wind project, such as shipbuilding, steel industry etc, and this outstanding technology will make the project more stable and feasible.”

While EWP currently accounts for 11.2GW of South Korea’s total electricity capacity, DWO has a global footprint with regards to offshore wind farm projects. DWO projects are also supported by other industries for RE development. In December last year, the company collaborated with EDF Renewables on a 50:50 basis to bid for offshore wind projects in Norway.

In the same month, a EUR 1 million grant was awarded to DWO by Enova involving a project that optimizes the complete architecture for a floating wind farm to make it cost-effective in the Utsira Nord area of Norway.