Equinor opened its country office in South Korea in 2014, and has been supporting the teams supervising the construction of topsides for the Mariner and Aasta Hansteen platforms, the Aasta Hansteen hull, two Category-J rigs, two platforms for Johan Sverdrup, and now offshore wind.
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Offshore wind in South Korea
South Korea has large potential within offshore wind and offers attractive opportunities, transforming its energy mix from nuclear power and coal to renewable energy.
The share of renewable energy in South Korea’s power production is predicted to increase to 20% by 2030; aiming to add 49GW to its renewable production capacity by 2030, of which solar power accounts for 31GW and wind power 16GW.
Equinor has started conducting wind measurements needed to further investigate the possibility of developing and constructing a floating offshore wind project off the coast of Ulsan in South Korea.
Collaboration is a key value in how Equinor operates in local communities in which we are present. To date, we have signed a general collaboration Memorandum of Understanding (MoU) with all developers and Ulsan city and a 3rd party MoU with the Offshore wind project countermeasures committee and Ulsan City. We have entered these MoUs to foster the floating offshore wind industry infrastructure in response to the South Korean government's renewable energy policy. They are a testament to our belief in developing floating offshore wind in this area.