Mainstream Renewable Power and Ocean Winds project awarded its Environmental Impact Assessment for 1.1 GW floating offshore wind farm in South Korea
Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that joint the joint venture KF Wind, a 1,125 MW floating offshore wind project being developed off the coast of Ulsan and owned by Mainstream (33.3%) and Ocean Winds (66.7 %), has secured the Environmental Impact Assessment (EIA) approval from the Ministry of Environment for the totality of the two-phase project. Award of the EIA is a key milestone for the development of the two-phase floating offshore wind project, advancing towards construction.
The EIA has been achieved after more than 12 months of an onsite monitoring campaign and several rounds of consultations with local communities, key local stakeholders and fisheries. The EIA approval focused on the application of the highest environmental standards, incorporating the valuable experience of KF Wind’s sponsors, Ocean Winds and Mainstream Renewable Power.
The EIA comprises the first phase, East Blue Power, of 375 MW and the second phase, KF Wind, of 750 MW. The scope includes 75 turbines and floating foundations, two bottom fixed offshore substations, three submarine export cables of 80 kilometers each, one onshore substation and the onshore high voltage line of 4.5 kilometers until the interconnection point at Korea Electric Power Corporation (KEPCO)’s Shinonsan onshore substation.
For further information, please contact:
Stian Andreassen, Investor Relations, Tel: +47 41 64 31 07, stian.andreassen@akerhorizons.com
Niamh McGrath, Media, Mainstream Renewable Power, Tel: +353 87 641 6831, niamh.mcgrath@mainstreamrp.com
Mats Ektvedt, Media, Tel: +47 41 42 33 28, mats.ektvedt@corporatecommunications.no
About Aker Horizons
Aker Horizons develops green industrial projects and technologies that accelerate the net zero transition. The company holds assets across renewable energy and carbon capture, and develops green industrial hubs that combine low -cost renewable energy with hydrogen production and downstream applications. As part of the Aker group and its 180-year industrial heritage, Aker Horizons applies industrial, technological and capital markets expertise to solve fundamental challenges to sustainable existence. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Through its portfolio companies, Aker Horizons employs over 1,200 people across 18 countries and five continents. www.akerhorizons.com
About Mainstream Renewable Power
Mainstream Renewable Power is a leading pure-play renewable energy company with wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific. Mainstream is one of the most successful developers of gigawatt-scale renewables platforms, across onshore wind, offshore wind, and solar power generation. The company has successfully delivered 6.6 GW of wind and solar generation assets to financial close-ready and has a global project portfolio of over 23.8 GW.