Ørsted has signaled its intention to develop South Korean offshore wind projects, off the coast of Incheon City, with a potential capacity of up to 1.6 gigawatts.
Ørsted’s offshore wind projects will be located more than 70 kilometers (43 miles) from the main parts of Incheon City.
South Korean President Moon Jae-In recently announced a target of achieving net-zero emissions by 2050.
Ørsted stated that its projects in Incheon could provide clean energy to 1.4 million South Korean households and reduce carbon emissions by almost 4 million metric tons per year.
Matthias Bausenwein, president of Ørsted Asia Pacific, said, “Ørsted’s projects in Incheon will support a thriving offshore wind industry in South Korea and contribute to the realization of the government's target of 12 gigawatts offshore wind capacity by 2030. Building on our experience and unparalleled track-record in offshore wind development world-wide and in Asia Pacific, we are dedic