Ulsan Metropolitan City Floating Offshore Wind Farm is a 1,700MW offshore wind power project. It is planned in Sea of Japan (East Sea), Ulsan, South Korea. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the announced stage. It will be developed in multiple phases. The project construction is likely to commence in 2024 and is expected to enter into commercial operation in 2024. Buy the profile here.


The project is being developed and currently owned by Hyundai Heavy Industries, Korea East-West Power and Ulsan Technopark. The owners have 33.33% stake in the project respectively. The turbines will be mounted on floating type foundations.

Ulsan Metropolitan City Floating Offshore Wind Farm (Ulsan Metropolitan City Floating Offshore Wind Farm Phase I) consists of 27 turbines.

Development status

The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2024.

For more details on Ulsan Metropolitan City Floating Offshore Wind Farm, buy the profile here.

About Hyundai Heavy Industries

Hyundai Heavy Industries Co Ltd (HHI), a subsidiary of Korea Shipbuilding & Offshore Engineering Co Ltd, is a heavy industries company. It operates through shipbuilding and offshore, naval and special ships and engine and machinery business units. The company's marine engineering and machinery products include propellers, 2-stroke engines, 4-stroke engines, engine power plants, hi-ballast water treatment systems, hi-gas-fuel gas supply system, cargo oil pumping systems, hi-well cargo pumping systems and gas compressors among others. Its fleet portfolio comprises HDF-4000 Multi-Purpose Frigate, HDD-10000 Aegis Destroyer, HDD-5000 Stealth Destroyer, HDS-1800 AIP Submarine, HDF-3000 Multi-Purpose Frigate, HDL-7000 Landing Ship, HDM-4000 Mine Laying Ship, HDT-5500 Training Vessel and HDP-5000 Offshore Patrol Vessel among others. HHI is headquartered in Ulsan, South Korea.

About Korea East-West Power

Korea East-West Power Co Ltd (EWP), a subsidiary of Korea Electric Power Corp, is a state-owned electric utility producer. It generates and supplies the electricity to its customers in the region. It produces electricity from various sources including coal, oil, liquefied natural gas, mini hydro, and renewable sources such as solar, wind, biomass, and biogas. The company also offers plant construction, engineering, plant operations, and plant maintenance services; and financial investment services for the exploration and development of mines. EWP serves in domestic and overseas regions. It has operating and developing interests in power generation facilities in North America, Latin America and the Caribbean, Asia, and Oceania. EWP is headquartered in Jung-gu, Ulsan, South Korea.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Power Intelligence Center, which provides detailed profiles of over 170,000 active, planned and under construction power plants worldwide from announcement through to operation across all technologies and countries worldwide.