ULSAN, Nov. 6 (Korea Bizwire) – International and domestic companies are set to invest 37.2 trillion won in what will become the world’s largest floating offshore wind farm complex off the coast of Ulsan, South Korea. The Ulsan Metropolitan Government announced on November 5 that it will sign Letters of Intent (LOI) with multiple energy companies [...]
SEOUL, Dec. 22 (Korea Bizwire) – The National Federation of Fisheries Cooperatives in South Korea has urged the government to address the rampant overdevelopment of offshore wind farms. In a joint meeting held by the National Federation of Fisheries Cooperatives and the Ministry of Oceans and Fisheries on December 21, the fisheries industry raised concerns about [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway’s state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan. The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has built an 18-megawatt wind farm in the southern tip of the country. The six 3-megawatt wind turbines built in Jangheung, about 400 kilometers south of Seoul, could generate enough electricity to power [...]
SEOUL, Oct. 19 (Korea Bizwire) — The capacity utilization rate remains low for South Korea’s largest offshore wind farm, located in the coastal waters of Buan in North Jeolla Province, primarily due to low wind velocity. According to the data that Rep. Han Moo-kyung of the People Power Party received from the Korea Electric Power [...]
Amsterdam, the Netherlands, Dec. 11 (Korea Bizwire) – Royal Philips, HEINEKEN, Nouryon and Signify have formed the first consortium to sign a Pan-European green energy deal securing additional renewable electricity for Europe. The four companies have a shared vision to further reduce CO2 emissions in support of the UN Paris Agreement and the European Green Deal objectives. [...]
YEOSU, Oct. 22 (Korea Bizwire) — A group of fishermen in the southern port of Yeosu are strongly protesting against an offshore wind farm project, claiming that it would devastate the region’s fishing zones, while menacing their right to live. The Ministry of Trade, Industry and Energy recently approved the offshore wind farm project consisting [...]
JEJU, Sept. 25 (Korea Bizwire) — A group of “haenyeo,” or female divers in Jeju Island have voiced strong opposition ahead of the Jeju Provincial Council’s deliberations on the motion of the environmental impact assessment for the offshore wind farm in Gujwa-eup. About one hundred haenyeos who are members of the Handong-Pyeongdae fishing village fraternities [...]
Amsterdam, the Netherlands, May 16 (Korea Bizwire) – Following the opening of the Windpark Krammer in the southwest of the Netherlands in the presence of His Majesty King Willem-Alexander, Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, achieved another major milestone on the road to becoming carbon neutral by 2020. Under [...]
SEOUL, Jun. 29 (Korea Bizwire) — Doosan Heavy Industries & Construction Co. revealed yesterday that it will be spearheading a state power project to develop an 8-megawatt offshore wind farm. The project, which is estimated to be worth 55 billion won, will be executed over a period of approximately 48 months as part of a [...]