RWE has been awarded a 495 MW Electricity Business Licence by the Ministry of Trade, Industry & Energy of Korea to develop the Seohae offshore wind project, located approximately 45 km off the coast of Taean County in South Korea’s Chungcheongnam Province.
This licence grants RWE its first exclusive development rights for offshore wind in Korea since the company opened an office in Seoul in 2021. The award of an EBL, a mandatory requirement that permits companies to generate and supply electricity in Korea, is a significant milestone for RWE in the development of its first Korean offshore wind project.
RWE Renewables Korea intends to work closely with local communities and Taean County to contribute to the delivery of renewable energy in the region.
The next step is to work with local suppliers to continue Engineering and Environmental Impact Assessment studies; and engage with the local county and the Korea Electric Power Corporation (KEPCO) to plan and secure a grid connection agreement.
RWE has established an offshore wind project development pipeline of three GW in Korea, which will support the country’s transition to net zero by 2050. RWE’s Korean development portfolio includes, together with the Seohae project, the 510 MW Neulsaem Ui project in the waters off Shinan County and the 2 GW Hanee Baram project in Incheon. RWE has also established an offshore wind co-development partnership with Hyundai Engineering & Construction.
