RWE and the Ulsan Metropolitan City will cooperate on the development of floating offshore wind projects off the South Korean coast with an envisaged capacity of up to 1.5 gigawatts (GW).
A corresponding Memorandum of Understanding was signed recently between RWE and Ulsan City, in support of South Korea’s Net Zero 2050 ambition. The country’s goal is to scale up offshore wind capacity up to 12 GW and achieve 30 percent of renewables in the energy production mix by 2030.
nuclear power and coal
Our regional goal is that Ulsan City becomes carbon neutral by 2050"
Song Chul-ho, Mayor of Ulsan Metropolitan City, explains, “South Korea is transforming its energy mix from nuclear power and coal to renewable energy."
"Our regional goal is that Ulsan City becomes carbon neutral by 2050. To reach this, we have to harness the good wind resources off the Ulsan coast.”
renewable energy production
He continues, “RWE’s extensive international experiences in developing, building, and operating offshore wind projects, bring technical and engineering know-how, as well as risk management capabilities that are crucial."
"The Ulsan region offers a combination of industry-leading shipyards, maritime expertise, and port facilities. I am confident that our cooperation with RWE can unlock untapped potential in renewable energy production as well as for the local economy and green job creation in Ulsan.”
energy demand
South Korea’s wind resource in combination with deep waters close to energy demand poses a great opportunity"
Sven Utermöhlen, CEO of Wind Offshore of RWE Renewables, explains, “At RWE we want to further expand our market presence in South Korea, one of the fast-growing markets for offshore wind."
"South Korea’s excellent wind resource in combination with deep waters close to energy demand poses a great opportunity for floating wind.”
supplying green energy
He adds, “The initiative taken by the Ulsan City is exactly what is needed for developers like RWE as well as the supply chain to take the significant investment decisions required."
"Our pioneering work in floating, combined with a 20 years’ track record in offshore wind, ensures that RWE is very well placed to supply green energy from floating offshore wind in close cooperation with regional partners.”
floating wind projects
RWE's team will continue to work hand-in-hand with relevant authorities, local stakeholders, and supply chain partners
RWE has an office in Seoul, staffed with experienced offshore wind experts from South Korea and Europe.
The Seoul-based team will continue to work hand-in-hand with relevant authorities, local stakeholders, and supply chain partners to ensure that potential floating wind projects are well-sited and developed responsibly and safely.
providing government relationships, local network
The City of Ulsan will provide its government relationships and local network to support RWE, especially during the planning and permitting phase.
After consultations with the relevant authorities, associations, and local community, a feasibility study will be conducted to define the plan for developing, constructing, and operating floating offshore wind projects off the Ulsan coast.
RWE is the #2 offshore player globally and the frontrunner in floating offshore wind
RWE intends to triple its global offshore wind capacity from currently 2.4 GW to 8 GW
The German-based RWE Group has more than 120 years experience of in electricity generation. Founded in Essen in 1898 as a municipal utility, RWE is a global player in renewables and number 2 worldwide in offshore wind.
The company currently operates 17 offshore wind farms in five countries and is developing and constructing some of the world’s most advanced offshore wind farms. By 2030, as part of its ambitious investment and growth plan ‘Growing Green’, RWE intends to triple its global offshore wind capacity from currently 2.4 GW to 8 GW.
TetraSpar Demonstrator project
Furthermore, RWE is well on track to become also a pioneer in the floating wind and to have 1 GW either in operation or under construction by 2030. To gain experience early, RWE is participating in multiple high-profile floating demo projects in Norway, Spain, and the US, each based on different concepts.
The most advanced project is the TetraSpar Demonstrator project, which is currently being commissioned off the Norwegian coast near Stavanger in waters as deep as 200 meters.
