RWE and Ulsan City cooperate in floating offshore wind

RWE and the Ulsan Metropolitan City will cooperate on the development of floating offshore wind projects off the South Korean coast with an envisaged capacity of up to 1.5GW.

 

A corresponding Memorandum of Understanding was signed recently between RWE and Ulsan City, in support of South Korea’s Net Zero 2050 ambition. The country’s goal is to scale-up offshore wind capacity up to 12 GW and achieve 30 percent of renewables in the energy production mix by 2030.