FILE PHOTO: General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble/File Photo/File Photo
Offshore wind developer Orsted announced Tuesday its intention to develop up to 1.6GW of offshore wind power off the coast of Incheon City in South Korea.
The company said the project could provide clean energy to 1.4 million South Korean households and reduce carbon emissions by almost 4 million metric tons per year, helping South Korea hit its target of net zero emissions by 2050.
Orsted said the offshore wind projects will be located more than 70km from the main parts of Incheon City in relatively shallow water depths, making them cost-effective to develop.
“Ørsted’s projects in Incheon will support a thriving offshore wind industry in South Korea and contribute to the realization of the government’s target of 12GW offshore wind capacity by 2030,” said Matthias Bausenwein, President of Ørsted Asia Pacific. “Building on our experience and unparalleled track-record in offshore wind development world-wide and in Asia Pacific, we are dedicated to engaging in long-term partnerships with the South Korean government and local stakeholders.”
The projects could be commissioned from 2026 onwards subject to permitting and a final investment decision.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,939 members that receive our newsletter.
Have a news tip? Let us know.
The Port of Los Angeles reported a 19% increase in container units handled in March, marking the eighth consecutive month of year-over-year growth. The port processed 743,417 TEUs in March,...
The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced the availability of $316 million to support and modernize passenger ferry services across the country. The funding, part of...
Global shipping giant Maersk has released a detailed update on its operations following the collapse of Baltimore’s Key Bridge. The company, which chartered the MV Dali, has now confirmed that...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,939 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
