RWE Receives Major Milestone: Exclusive Licence for Offshore Wind Project in South Korea

RWE Receives Major Milestone: Exclusive Licence for Offshore Wind Project in South Korea

(IN BRIEF) RWE, a global leader in renewable energy, has secured a significant achievement with the award of a 495-megawatt Electricity Business Licence (EBL) by the Ministry of Trade, Industry & Energy of Korea for the development of the Seohae offshore wind project. This marks RWE’s first exclusive development rights for offshore wind in Korea, underscoring its commitment to delivering clean, sustainable energy and supporting Korea’s renewable energy targets. The project, located off the coast of Taean County, signifies RWE’s dedication to fostering relationships with local communities and industry partners while contributing to the region’s renewable energy transition. RWE’s broader offshore wind development pipeline in Korea, totaling three gigawatts, reflects its strategic role in advancing Korea’s journey towards net zero emissions by 2050.

(PRESS RELEASE) ESSEN, 4-Apr-2024 — /EuropaWire/ — RWE has been awarded a 495-megawatt (MW) Electricity Business Licence (EBL) by the Ministry of Trade, Industry & Energy of Korea to develop the Seohae offshore wind project, located approximately 45 kilometres off the coast of Taean County in South Korea’s Chungcheongnam Province.

This licence grants RWE its first exclusive development rights for offshore wind in Korea since the company opened an office in Seoul in 2021. The award of an EBL, a mandatory requirement that permits companies to generate and supply electricity in Korea, is a significant milestone for RWE in the development of its first Korean offshore wind project. This goes hand in hand with the company’s wider activities to strengthen relationships with local communities, industry and partners in that market.

Sven Utermöhlen, CEO of RWE Offshore Wind: “This first Electricity Business Licence is a key milestone in the further development of our Seohae offshore wind project. As RWE, we are dedicated to delivering clean, sustainable renewable energy and helping to achieve Korea’s renewable energy targets. We would like to thank the Korean government and local stakeholders for their trust in us and for supporting our project.”

RWE Renewables Korea will work closely with local communities and Taean County to contribute to the delivery of renewable energy in the region, and provide longer term benefits, including the creation of jobs and opportunities for the local communities, industry and suppliers, who RWE places at the heart of offshore wind development. The next step in the development of the Seohae project is to work with local suppliers to continue Engineering and Environmental Impact Assessment studies, engage with the local county and the Korea Electric Power Corporation (KEPCO) to plan and secure a grid connection agreement.

RWE has a strong, 20-year track record of developing, building, and operating offshore wind projects – working hand in hand with communities to deliver sustainable, economic benefits today and for the generations to come. As a global industry leader, RWE manages the operations and maintenance of a large international portfolio of offshore wind farms.

RWE has established an offshore wind project development pipeline of three gigawatts in Korea which will support the country’s transition to net zero by 2050. RWE’s Korean development portfolio includes the 495 MW Seohae project in Taean County, the 510 MW Neulsaem Ui project in the waters off Shinan County and the 2 GW Hanee Baram project in Incheon. RWE has also established an offshore wind co-development partnership with Hyundai Engineering & Construction.

Media Contacts:

Vera Bücker
Head of Media Relations International & Finance
+49 (0) 201 5179-5112

Sarah Knauber
Renewables
+49 (0) 201 5179-5404

SOURCE: RWE AG