Orsted Plans to Develop Offshore Wind Projects in South Korea
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.
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