Ørsted has announced its intention to develop South Korean offshore wind projects with a potential capacity of up to 1.6GW off the coast of Incheon City.
Earlier this year Ørsted deployed four floating lidars off the coast of Incheon to collect relevant data for securing the potential 1.6GW offshore wind sites. Ørsted's offshore wind projects will be located more than 70km from the main parts of Incheon City and have relatively shallow water depths at the target project site. Subject to permits, off-take agreement with a Korean energy utility, and final investment decision, the projects could be commissioned from 2026 onwards.