Collaboration agreements for offshore wind projects in South Korea

Equinor has signed a Memorandum of Understanding (MoU) with Korean East-West Power (EWP) to cooperate on 3 GW of offshore wind projects in South Korea. Together the partners will contribute significantly to the country’s ongoing energy transition and development of an offshore wind industry in Korea. The Korean Government has set out an ambition to grow renewables by ~60 GW to 2034, of which 12GW is targeted for offshore wind by 2030.

Equinor’s partnership with EWP, one of Korea’s state-owned power generation companies (‘Gencos’), provides a strong basis for the offshore wind major to take a leading role in developing a pipeline of offshore wind projects needed.

Information Source: Read More

Oil and gas, press , | Energy, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar