South Korea

Towards a renewable energy transition

South Korea has implemented the Carbon Neutrality Act, aiming for net-zero emissions by 2050. The country has committed to increasing the share of renewable energy to 30,6 % of its total power capacity by 2036 and plans to establish 14,3 GW of offshore wind power capacity by 2030.

The country has a long coastline with good wind resources, a strong and stable regulatory regime supportive for renewable electricity and a world class infrastructure to support offshore wind projects with a leading shipbuilding and steel fabrication industry.

Our projects

Deep Wind Offshore is developing a pipeline of multiple gigawatt-scale offshore wind projects around the South Korean peninsula, totaling up to 6 GWs of capacity.

We currently have four offices across the country and an experienced local team to develop the sites in close dialogue with local stakeholders, offering opportunities for local supply chains and helping South Korea de-carbonize its power generation through offshore wind. Deep Wind Offshore has already secured site exclusivity for the first two projects.

Western Wind

Explore project

Capacity

up to 2

Type

Bottom-fixed and floating

Status

Project development

Admiral Lee

Explore project

Capacity

up to 1,5

Type

Bottom-fixed

Status

Project development

Rising Sun

Explore project

Capacity

up to 1

Type

Floating

Status

Project development

Abalone

Explore project

Capacity

up to 1,5

Type

Bottom-fixed

Status

Project development

Our project

The Utsira Nord offshore wind area, with a total capacity of 1500 MW, is located west of Haugesund, and is suited for floating wind turbines. The offshore wind technology with the largest predicted growth rate. The area is ideally located far enough offshore to harness some of the world’s best wind resources, whilst well within reach of a cost-efficient power transfer system.

Ideal conditions

The onshore grid is well suited for incorporating and balancing new renewable energy produced at scale empowering the growth of new industries. The south-west coast of Norway has a diversified and sophisticated supply chain, well positioned for delivering products and services needed.

Utsira Nord

Explore

Capacity

500

Technology

Floating

Status

Developing bid

Partnership in Norway

Deep Wind Offshore and energy major EDF Renewables have beenworking closely together in Norway since 2021. The work includes delivering acompetitive bid for the Utsira Nord tender. The consortium has also signed an agreement to explore the terms for cooperation for the 2025 tenders.

The partnership combines global renewables expertise with 100years of Norwegian power generation and extensive experience in offshore and maritime operations. Innovation, sustainability, and the local community lies at the core of the collaboration.

Partners in the South Korean market

Deep Wind Offshore and bp have formed a joint venture to develop offshore wind opportunities in South Korea. As part of the agreement, bp entered the Deep Wind Offshore developed early-stage portfolio, including four projects across the South Korean peninsula with a capacity of up to 6 GW.

Deep Wind Offshore has also signed an agreement with East-West Power (EWP), one of South Korea’s state-owned power generation companies. EWP currently accounts for 11,2 GW of all power generation facilities in South Korea.

Our projects

The company currently has four offices across the country and an experienced local team to develop the sites in close dialogue with local stakeholders, offering opportunities for local supply chains and helping South Korea de-carbonize its power generation through offshore wind. Deep Wind Offshore has already secured site exclusivity for 2 GW.

Admiral Lee

Admiral Lee is located on the south coast of South Korea and offers good wind resources and shallow water conditions, enabling a cost-efficient development with monopile turbine foundations in close proximity of large industrial load centers, ports, and fabrication infrastructure to support the project both in construction- and operation-phase of the project.

Capacity

Up to 1.5 GW

Technology

Bottom-fixed

Status

Project development

Partners

Abalone

Abalone wind farm is located in southwest South Korea and features excellent wind conditions and reasonably shallow water depths suitable for bottom fixed foundations. The project is well positioned for expected grid connection capacity and is located close to multiple ports and fabrication infrastructure both in the construction- and operation phases of the project.

Capacity

Up to 1.5 GW

Technology

Bottom-fixed

Status

Project development

Partners

Rising Sun

Rising sun is located on the east coast of South Korea, with water depts suitable for floating turbine foundations, good wind speeds, and cost efficient grid connection options available. The project has access to good port and other infrastructure within reasonably distances to support the project both in construction and operational phases.

Capacity

Up to 1 GW

Technology

Floating

Status

Project development

Partners

Western Wind

Western Wind is located on the west coast of Korea, in medium water depths, which could be suitable for either bottom fixed or floating turbine foundations. The project is located in the South Korea Exclusive Economic Zone (EEZ) and will be connected to the main grid through an HVDC connection. Wind speeds are good, and access to several existing ports for fabrication will enable this as a significant scale development with substantial opportunities for the local supply chain.

Capacity

Up to 2 GW

Technology

Bottom-fixed and floating

Status

Project development

Partners

Admiral Lee

Abalone

Rising Sun

Western Wind

Towards a renewable energy transition

Our projects

Western Wind

Admiral Lee

Rising Sun

Abalone

South Korea

Goal/ambition of 30 GW by 2040

Key infrastructure in place

Developing supply chains

Our project

Ideal conditions

Utsira Nord

Partnership in Norway

Partners in the South Korean market

Our projects

Admiral Lee

Abalone

Rising Sun

Western Wind

Contact

Choi Gyun

Insights

Seabed survey undertaken in Sweden

Deep Wind Offshore takes tech company Spoor to new markets

New cooperation on offshore hydrogen production

We make clean electricity and empower coastal communities by harnessing the ocean winds