Ulsan Offshore Wind Project_GIG is a 1,508MW 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 permitting 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 2025. Buy the profile here.


The project is being developed by Corio Generation, Gray Whale Offshore Wind Power No 2, Gray Whale Offshore Wind Power No1, SK Ecoplant and TotalEnergies. The project is co-owned by Green Investment Group and TotalEnergies, with their respective ownership stake of 50% each.

The project is expected to supply enough clean energy to power 1,500,000 households, to offset 2,300,000t of carbon dioxide emissions (CO2) a year. The turbines will be mounted on floating type foundations.

Ulsan Offshore Wind Project_GIG (Ulsan Offshore Wind Project Phase I) consists of 50 turbines.

Development status

The project construction is expected to commence from 2024. Subsequent to that it will enter into commercial operation by 2025.

For more details on Ulsan Offshore Wind Project_GIG, buy the profile here.

About Corio Generation

Corio Generation Ltd (Corio Generation) is a renewable energy company that specializes in offshore wind business.Corio Generation is headquartered in London,Greater London,the UK.

About Gray Whale Offshore Wind Power No 2

Gray Whale Offshore Wind Power No 2 Co Ltd (Gray Whale Offshore Wind Power No 2) is a renewable energy company that develops, builds, owns and operates renewable energy generation. The company is headquartered in South Korea.

About Gray Whale Offshore Wind Power No1

Gray Whale Offshore Wind Power No1 Co Ltd (Gray Whale Offshore Wind Power No1) is a renewable energy company that develops, builds, owns and operates renewable energy generation. The company is headquartered in South Korea.

About SK Ecoplant

SK Ecoplant Co Ltd (SK Ecoplant), a subsidiary of SK Inc, is a general construction contracting company. SK Ecoplant offers engineering, procurement and construction (EPC) services in the areas of housing, petrochemical, infrastructure, industrial, and technology sectors. The company executes the construction of residential buildings, intelligent buildings, cultural facilities, hostels, sports complexes and other construction and engineering-related projects. SK Ecoplant also provides project development, financing, engineering, procurement, and operation and maintenance related services. It provides petrochemical, oil refining, and gas plant construction services, and industrial plant and engineering services. SK Ecoplant has operations in Asia, Europe, the Middle East and the Americas. SK Ecoplant is headquartered in Seoul, South Korea.

About TotalEnergies

TotalEnergies SE (TotalEnergies), formerly Total SE, is an integrated global multi-energy company, which generates energy from natural gas and green gases, oil and biofuels, and renewables. It carries out drilling, oil and gas production, processing, transportation, refining and petrochemical production, storage and distribution of petroleum products and specialty chemicals. It carries out power generation and gas trading and operates in the renewable energy sector. TotalEnergies supplies feedstock to chemical plants, charters ships and trades on various derivative markets. The company serves consumers in the transportation, automotive, aerospace, energy, housing and manufacturing industries. It has operations in Asia-Pacific, Africa, Europe, the Middle East, and North and South America. TotalEnergies is headquartered in Paris, Ile de France, France.

This content was updated on 20 July 2023

Premium Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


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.