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Last Updated on 04
RWE has been awarded the electricity business license to develop the 495 MW Seohae offshore wind project in South Korea. The project is located 45 kilometers off the coast of Taean County in South Korea's Chungcheongnam Province. The electricity business license grants RWE its first exclusive development rights for offshore wind in Korea since the company opened an office in Seoul in 2021.
The award of an EBL, a mandatory requirement that permits companies to generate and supply electricity in Korea, is a significant milestone for RWE in the development of its first offshore wind project in South Korea.
Furthermore, RWE plans to work alongside local communities and Taean County to deliver clean energy to the region. This project is expected to create long-term benefits, including new jobs and opportunities for residents, businesses, and suppliers. RWE is committed to working with local companies throughout the development process. They will also collaborate with Taean County and Korea Electric Power Corporation (KEPCO) to ensure the wind farm can connect to the electricity grid.
Sven Utermöhlen, CEO of RWE Offshore Wind, expressed his gratitude to the Korean government and local stakeholders for their trust and support. He emphasized RWE's dedication to delivering clean, sustainable renewable energy and helping to achieve Korea’s renewable energy targets.
Apart from the Seohae offshore wind project, RWE plans to develop the 510 MW Neulsaem Ui project in the waters off Shinan County and the 2 GW Hanee Baram project in Incheon. RWE has also established a venture with Hyundai Engineering & Construction for the development of Korean offshore wind projects.
RWE aims to work closely with local communities and Taean County to deliver renewable energy in the region. This involves strengthening relationships with local stakeholders and placing them at the heart of offshore wind development.
RWE plans to continue engineering and environmental impact assessment studies with local suppliers. This will ensure that the project is developed in an environmentally responsible manner.
RWE will engage with the local county and the Korea Electric Power Corporation (KEPCO) to plan and secure a grid connection agreement. This is a crucial step in ensuring that the project's electricity can effectively supply the grid.
The Seohae project is part of RWE's broader strategy to support Korea's transition to net zero by 2050. RWE has established an offshore wind project development pipeline of three gigawatts in Korea, which includes the Seohae project.
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