RWE secures development rights for Seohae wind project offshore South Korea

April 4, 2024
The Ministry of Trade, Industry & Energy of Korea has granted RWE a 495-MW electricity business license to develop the Seohae offshore wind project.

Offshore staff

SEOUL, South Korea — The Ministry of Trade, Industry & Energy of Korea has granted RWE a 495-MW electricity business license (EBL) to develop the Seohae offshore wind project.

The award represents RWE’s first exclusive development rights for offshore wind in South Korea since the company opened an office in Seoul in 2021. An EBL is a mandatory requirement that allows companies to generate and supply electricity in the country.

Seohae is roughly 45 km from Taean County in Chungcheongnam Province.

RWE said it would now work with local suppliers to advance engineering and environmental impact assessment studies as well as collaborate with the local county and Korea Electric Power Corp. (KEPCO) to plan and secure a grid connection agreement.

Aside from Seohae, the company is working on the 510-MW Neulsaem Ui development offshore Shinan County and the 2-GW Hanee Baram project in Incheon. It has also formed an offshore wind development partnership with Hyundai Engineering & Construction.

04.04.2024