Orsted wins 1.6 GW offshore wind power license from Korea
The Korean facility, once completed, is expected to be the world’s largest offshore wind power complex by capacity
By Dec 01, 2023 (Gmt+09:00)
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![The Ørsted Incheon offshore wind projects are located approximately 70 km off the coast of Incheon (Captured from Orsted website)](https://www.kedglobal.com/data/ked/image/2023/12/01/ked202312010002.700x.9.png)
Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a project estimated at 8 trillion won ($6.1 billion).
Orsted said on Thursday it has been granted a business license for a 1.6-gigawatt (GW) wind power project from Korea's Ministry of Trade, Industry and Energy.
Under the project, it plans to build a wind farm complex, 70 kilometers off the coast of Incheon, the country’s largest west-coast port city, by the early 2030s.
The facility will generate enough electricity to power over a million households, while reducing carbon emissions by about 4 million tons a year, the Danish company said.
Approval of the business license came three years after Orsted in 2020 announced a plan to construct a 1.6GW wind farm complex off Korea's west coast. At the time, it said the Korean wind farm would be the world’s largest wind power facility.
The world’s largest wind farm, with a capacity of 1.3GW, is located in waters off the UK.
![The Orsted-operated Walney Extension offshore wind farm off the coast of Blackpool, England (Courtesy of Orsted)](https://www.kedglobal.com/data/ked/image/2023/12/01/ked202312010004.680x.9.jpg)
NEXT STEPS
To move forward with the Incheon offshore wind farm development, Orsted said the next steps include environmental impact assessments, site investigations and preparations to participate in Korea’s annual fixed-price wind auction.
“At Orsted, we’re pleased to secure our first electricity business license in Korea. We now look forward to helping accelerate the country’s green energy transition and supporting Incheon’s ambitions as a hub for renewable power,” Per Mejnert Kristensen, president of Orsted Asia Pacific, said in a statement.
“Subject to the successful outcome of these processes and Orsted taking the final investment decision, the project is expected to be completed in the early 2030s,” he added.
![(Sources: Getty Images)](https://www.kedglobal.com/data/ked/image/2023/12/01/ked202312010012.700x.9.jpg)
The Korean wind farm project has faced delays. Korea's energy ministry had twice withheld review of Orsted's application in the face of fishermen’s protests and collective action against the renewable energy project.
To address such concerns, Ronnie Brandstrup, in charge of Orsted’s Asia Pacific projects developments and programs, said it will continue to engage with local communities to create opportunities for local industries, fishers and residents throughout the project cycle.
Write to Hyung-Kyu Kim at khk@hankyung.com
Yeonhee Kim edited this article
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