Ulsan Floating Offshore_KFWind 3 is a 500MW offshore wind power project. It is planned in Sea of Japan, Ulsan, South Korea. The project is currently in announced stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2027.

Project Type	Total Capacity (MW)	Active Capacity (MW)	Pipeline Capacity (MW)	Project Status	Project Location	Project Developer
Offshore	500	–	500	Announced	Ulsan, South Korea	Korea Floating Wind Power

Description

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The project is being developed by Korea Floating Wind Power. EDP Renovaveis, Aker Solutions and WindPower Korea are currently owning the project having ownership stake of 61.25%, 30.6% and 8.15% respectively.

The project cost is expected to be around $1,725.25m. The turbines will be mounted on floating type foundations.

Development Status

Post completion of the construction, the project is expected to get commissioned in 2027.

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Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.