Aker Offshore Wind has installed LiDARs buoys offshore Ulsan, South Korea to perform wind measurements for the development an offshore floating wind park with a capacity of 500MW.
Aker Offshore Wind owns a 30.6 percent stake in KFWind. The other partners are Ocean Winds, a joint venture between EDPR and Engie, and Wind Power Korea (WPK). The LiDARs buoys will stay in place for at least one year to collect data from the area. Following completion of the wind measurement data collection, KFWind aims to submit an application for an electricity business license in the second half of 2021, in accordance with the regulatory process in South Korea. In January 2019 signed an MoU with Ulsan City which secures KFWind three potential floating sites for development in the Ulsan region, with a potential combined gross capacity up to 1.5GW. The first phase of the project includes the development of a 500MW floating offshore wind farm. The project is targeting a financial investment decision (FID) in 2024 and starting up commercial operation in 2026.