Tidal Transit has signed a memorandum of understanding (MoU) with two Asian firms to develop, fund, build and operate offshore support vessels for the South Korean offshore wind industry.The U.K. supplier of purpose-design crew transfer vessels…
Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday.'We have received an offer for an offtake contract for our Bandibuli project…
Korean Wind Energy Industry Association (KWEIA) and Norwegian Offshore Wind have signed a memorandum of understanding (MoU) to increase collaboration for the development of offshore wind.The MoU aims to get business going between offshore wind companies…
The first commercial-scale offshore wind project in South Korea, Jeonnam Offshore Wind 1, has delivered first power ahead of planned commercial-scale operation start in 2025.Jeonnam Offshore Wind 1, a 96 MW offshore wind project off the coast of Shin-an…
TotalEnergies has signed a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of liquefied natural gas (LNG) per year for seven years starting from 2027.Thanks to this agreement, with prices indexed both to Brent and Henry Hub…
Mammoet and Samyang Marine Group have entered into a new partnership to provide heavy lifting and transport solutions for South Korea's offshore wind sector.The collaboration is set to establish Offshore Service Port (OSP) facilities to serve projects across sectors in South Korea…
Mainstream Renewable Power, the pureplay global wind and solar company majority-owned by Aker Horizons, has announced that KF Wind, a 1,125MW floating offshore wind project being developed off the coast of Ulsan, South Korea, has secured the…
Whereas the foundations of commercial offshore wind development are found in Europe (and Europe will remain the largest overall regional market for offshore wind activity in the coming decade), the rapid development of the large East Asia and…
South Korea's Korea Midland Power (KOMIPO) has cancelled plans to build a liquefied natural gas (LNG) import terminal on the western coast of the country due to high costs and declining demand for the fuel.KOMIPO said in a statement to Reuters…
South Korean President Yoon Suk Yeol gave the green light on Monday to conduct exploratory drilling for potentially vast oil and gas prospects found off the east coast of the nation that is one of the world's largest energy importers.The possibility…
State energy firm Pertamina and U.S. major ExxonMobil plan to conduct appraisal drilling for a carbon capture and storage (CCS) hub in Indonesia, with the companies signing an initial storage deal with South Korea's KNOC on Wednesday.Indonesia…
Cyan Renewables, a portfolio company of Seraya Partners, has entered into a strategic collaboration with Hyundai Asset Management to establish a robust vessel supply with strong local content for South Korea's offshore wind market.Cyan Renewables…
Vestas has signed a memorandum of understanding (MoU) with A.P. Moller-Maersk, Jeonnam Province, and Mokpo City to build an offshore wind hub in Mokpo City in the Jeonnam Province, South Korea.Under the MoU, the parties will work together with…
DNV, the independent energy expert and assurance provider, has been selected by Equinor to provide verification services for Front End Engineering and Design (FEED) of the substation of the Bandibuli / Firefly floating wind farm.The wind farm comprises two 75 km2 areas…
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