Ocean Winds and Aker Offshore Wind Reach Key Electric Business License Milestone for Floating Offshore Wind Project in South Korea
Korea Floating Wind (“KF Wind”), a joint venture between Ocean Winds (66,7%) and Aker Offshore Wind (33,3%), has obtained its first Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 870MW, a key step toward realizing what will be part of the largest and first commercial scale floating wind farm in the world.The EBL is a mandatory requirement to generate and supply electricity in South Korea and grants KF Wind exclusive development rights to realize the project. KF Wind expects the second EBL to follow for a capacity of