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EDF Renewables has fully acquired West Sea Energy 1 Co., Ltd. from Shell Overseas Holdings Ltd., marking its entry into South Korea’s offshore wind market. This acquisition is a key move for EDF Renewables as it aims to expand its presence in the Asia-Pacific region, particularly in South Korea, where the company plans to develop a large-scale offshore wind project with a maximum capacity of 1.5 GW in Yeonggwang province. The next major milestone for the project is obtaining the “Electricity Business License,” expected in 2025.
EDF Renewables has been active in South Korea for two years, and this acquisition aligns with the company’s broader strategy to solidify its role in offshore wind energy within the region. Globally, EDF Renewables is a leader in renewable energy development, operation, and innovation, with more than 15 years of experience in offshore wind. The company currently operates nine offshore wind farms worldwide and is constructing three more, utilizing both fixed and floating foundation technologies.
This step strengthens EDF Renewables’ commitment to the global energy transition, focusing on competitive, responsible, and value-driven renewable energy projects.
Patrick Charignon, EDF Renewables’ Senior Vice President, Asia-Pacific, said: “The acquisition of this project, which is our first investment in South Korea, marks a new stage in our development in Asia-Pacific. With nearly 15 years of experience in offshore wind and 3.7 GW of wind and solar capacity installed in the region, we are determined to support the energy transition through innovative low-carbon projects that create local jobs and respect the environment.”
