Ocean Winds (OW), a 50-50 joint venture of EDP Renewables and Engie, and Ulsan Metropolitan City, have joined forces through a Letter of Intent (LOI) that underscores their joint commitment to driving forward the 1.2 GW floating offshore wind energy project.
The KF Wind is a joint venture between Ocean Winds (66,7%) and Mainstream Renewable Power (33,3%). Through this agreement, Ulsan Metropolitan City will provide its cooperation and support to OW in development, operation, and maintenance of the KF Wind project and OW reinforces its commitment to construct the project by 2030 and to provide cooperation for technology transfer, manpower training and job creation in the Ulsan area.
