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RWE has secured a 495-megawatt (MW) Electricity Business Licence (EBL) from the Ministry of Trade, Industry & Energy of Korea for the Seohae offshore wind project. Located approximately 45 kilometers off the coast of Taean County in South Korea’s Chungcheongnam Province, this license marks RWE’s first exclusive development rights for offshore wind in Korea since establishing an office in Seoul in 2021. The EBL, a necessary authorization allowing companies to generate and supply electricity in Korea, signifies a significant milestone for RWE’s inaugural Korean offshore wind endeavor. This achievement aligns with the company’s broader initiatives aimed at bolstering relationships with local communities, industry stakeholders, and partners in the Korean market.
RWE Renewables Korea is committed to collaborating closely with local communities and Taean County to advance renewable energy delivery in the region. This initiative aims to create sustainable benefits, including job opportunities, for the local populace, industry players, and suppliers, whom RWE considers integral to offshore wind development. The next phase for the Seohae project involves partnering with local suppliers to progress Engineering and Environmental Impact Assessment studies. Additionally, engagement with the county and the Korea Electric Power Corporation (KEPCO) is underway to strategize and secure a grid connection agreement.
Drawing on a robust 20-year history of developing, constructing, and operating offshore wind projects, RWE has a proven track record of working in tandem with communities to foster sustainable economic growth for present and future generations. As a global leader in the industry, RWE manages the operations and maintenance of a diverse international portfolio of offshore wind farms.
RWE has cultivated an offshore wind project development pipeline of three gigawatts in Korea, playing a pivotal role in supporting the country’s transition to net zero emissions by 2050. This portfolio includes the 495 MW Seohae project in Taean County, the 510 MW Neulsaem Ui project in Shinan County’s waters, and the 2 GW Hanee Baram project in Incheon.
Sven Utermöhlen, CEO of RWE Offshore Wind, said, “This first Electricity Business Licence is a key milestone in the further development of our Seohae offshore wind project. As RWE, we are dedicated to delivering clean, sustainable renewable energy and helping to achieve Korea’s renewable energy targets. We would like to thank the Korean government and local stakeholders for their trust in us and for supporting our project.”
