Norwegian energy giant Equinor has partnered with Korea National Oil Corporation, Korea East-West Power Company and Ulsan City to explore floating offshore wind opportunities.
A memorandum of understanding has been signed with Ulsan City in South Korea and an amendment made to include Korea East-West Power Company in an earlier MoU with Korea National Oil Corporation initially signed in February 2019.
Equinor said: “The parties will work together pulling on their respective experience and capabilities to assess the feasibility of floating offshore wind projects over the next two years.”
It added that Ulsan City is a major energy and industrial centre in South Korea, with large shipyards, and wants to use these assets and global supply chain to develop renewables projects.
Innovation in wind energy will be under the microscope at the 2019 Asian Utility Week in Kuala Lumpur, Malaysia from 03 – 04 September. Here are the details.