Ocean Winds (OW) has secured a crucial permit for its 1,125MW Hanbando offshore wind project in South Korea.
The bottom-fixed project, situated in the exclusive economic zone, has been awarded the electricity business licence (EBL) by the Electricity Regulatory Commission, which operates under the Ministry of Trade, Industry and Energy.
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The EBL marks a key step forward in the project’s development, granting exclusive development rights and reserving interconnection capacity.
The Hanbando offshore wind project will now proceed with an environmental impact assessment, secure additional permits, conduct site investigations and commence key engineering studies.
Ocean Winds aims to enhance its contribution to South Korea’s renewable energy goals, as set out in the country’s 11th Electricity Supply and Demand Plan, which targets 125.9GW by 2038.
The company also intends to support Incheon Metropolitan City’s goal of developing 6.2GW of offshore wind power capacity by 2030.
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By GlobalDataOcean Winds South Korea country manager Guzman Figar stated: “We are seeing substantial progress for offshore wind in South Korea in the last weeks, with the publication of the 11th Energy Basic Plan which increases the long-term renewable energy targets for the country, and with the approval of the Special Act on Offshore Wind.
“At OW, we believe that our Hanbando project, which connects directly to the Seoul – Incheon metropolitan area, one of the largest load centres in the world, will play a key role in supporting South Korea achieve these objectives.”
In November 2024, Ocean Winds installed the final Siemens Gamesa SG 14-222 DD turbine at the Moray West offshore wind farm in northern Scotland’s Moray Firth.
