Ørsted secures 1.6 GW license for offshore wind farm in South Korea

Wind Industry Profile of

Ørsted has been granted a 1.6 GW electricity business license (EBL) by the Ministry of Trade, Industry & Energy of Korea for an offshore wind project located 70 km off the coast of Incheon City.

The license grants Ørsted exclusive development rights for its gigawatt-scale Incheon offshore wind project, which is set to become the largest in Korea on completion and will contribute to the country’s goal of being carbon-neutral by 2050. The Ørsted project has the potential to support Incheon City’s net-zero target with a capacity to provide renewable energy to over a million Korean households while reducing carbon emissions by approximately 4 million tonnes annually. Per Mejnert Kristensen, Senior Vice President and President of Region... ... More: Official Press Release Ørsted

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Ørsted, Korea, offshore, wind farm, license, EBL, Incheon, household, capacity