The Ministry of Trade, Industry & Energy of Korea has awarded RWE a 495 MW Electricity Business Licence (EBL) for the development of the Seohae offshore wind project. Situated approximately 45 kilometres off the coast of Taean County in South Korea’s Chungcheongnam Province, this project represents RWE's inaugural exclusive development rights for offshore wind in Korea since establishing an office in Seoul in 2021.
The issuance of the EBL is a crucial step forward for RWE as it progresses with its first Korean offshore wind endeavor. This license is a mandatory prerequisite for companies seeking to generate and supply electricity in Korea. Sven Utermöhlen, CEO of RWE Offshore Wind, expressed gratitude to the Korean government and local stakeholders for their trust and support, emphasizing RWE's commitment to delivering clean, sustainable renewable energy and aiding Korea in achieving its renewable energy targets.
RWE Renewables Korea aims to collaborate closely with local communities and Taean County to facilitate the delivery of renewable energy in the region. The project is anticipated to yield long-term benefits, including job creation and opportunities for local communities, industry, and suppliers. Moving forward, RWE plans to engage with local suppliers for Engineering and Environmental Impact Assessment studies while working with the Korea Electric Power Corporation (KEPCO) to plan and secure a grid connection agreement.
RWE's strategic focus on offshore wind development in Korea aligns with its broader mission to support the transition to net-zero emissions by 2050. With a robust offshore wind project development pipeline of three gigawatts in Korea, including the Seohae project, the company remains dedicated to fostering sustainable, economic growth and advancing renewable energy solutions globally.
Source: rwe.com