Home » Key partners signed-up for Korean offshore wind project

Key partners signed-up for Korean offshore wind project

by Mark Cantrell
Copenhagen Infrastructure Partners (CIP) has awarded key engineering and design contracts needed to deliver a floating wind energy project situated off the coast of South Korea.

Copenhagen Infrastructure Partners (CIP) has awarded key engineering and design contracts needed to deliver a floating wind energy project situated off the coast of South Korea.

Haewoori Offshore Wind 2 and 3, to be floated off the coast of Ulsan, will offer a combined generating capacity of 1GW.

The front-end engineering and design (FEED) contract has been awarded to Aker Solutions, while Principle Power has the contract for the floating foundations.

As part of the scope, Aker Solutions will coordinate the design and delivery of the floating foundation structures required for the Haewoori Offshore Wind project, and perform the front-end engineering design of the inter-array cable, marshalling port, wind turbine integration, and transport and installation.

Principle Power, meanwhile, will work under subcontract to perform the design of the floating platforms and mooring system based on its WindFloat technology. Aker Solutions will also carry out execution planning, and work with Haewoori Offshore Wind to engage with the Korean supply chain to maximise local engagement in the projects.

Jonathan Spink, chief executive of Haewoori Offshore Wind, said: “After a robust selection process, we are happy to collaborate with Aker Solutions and Principle Power for the FEED for the delivery of floating structures.

“The combined technical expertise and know-how of Aker Solutions and Principle Power will provide us with the capabilities to deliver one of the first industrial scale floating wind projects in the world.

“Together, we will continue to engage the Korean supply chain to bring the knowledge from real deployment experience, thereby helping Korea to accelerate its floating offshore wind industry, while reducing cost and risk for these first projects.”

Henrik Inadomi, executive vice president, new energies at Aker Solutions, said: “Contributing to a project of this size and scale is a great opportunity to demonstrate our offshore expertise to accelerate the development of much-needed projects across the globe. Working together with Principle Power, we aim to provide a technically advanced offering and support Haewoori Offshore Wind in realizing these landmark developments.”

Aaron Smith, chief commercial officer at Principle Power, added: “With a strong wind resource, growing energy needs, and a deep industrial base, Korea is well on track to becoming the first market in the world to deploy floating wind technology at commercial scale.

“The selection of Aker Solutions and Principle Power, contractors who together have been involved in the design and delivery of over 75% of the floating wind projects installed to date, provides access to the proven WindFloat technology and unparalleled capabilities. With these competencies secured, Haewoori Offshore Wind can now focus on supporting the scale up of the Korean supply chain to deliver these floating wind mega projects.”

Work is to start immediately on FEED, and is due to be completed by November 2024.

Danish investment firm CIP is investing and delivering the Haewoori Offshore Wind project via its Flagship Fund, in collaboration with its development and technical partners. It claims to be the world’s largest dedicated fund manager within greenfield renewable energy investments, and a global leader in offshore wind.


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