Ocean Winds secures license for 1,125MW Korean offshore wind project

Ocean Winds, a joint venture between France’s Engie and Portuguese electric utilities company EDP, has been granted an electricity business license for its Hanbando wind farm off South Korea.

The 1,125MW bottom-fixed project is located in the exclusive economic zone off Incheon. The license grants the project exclusive development rights over the sea space and reserves interconnection capacity.

With the license now secured, Hanbando Offshore Wind will launch the environmental impact assessment and other key permits, conduct site investigations, and initiate main engineering studies.

Through this project, Ocean Winds will contribute to the South Korean government’s renewable energy deployment target of achieving 125.9GW by 2038.

Additionally, the company plans to contribute to the goal of Incheon City, which aims to develop 6.2GW of offshore wind power capacity by 2030.