CIP’s 1.5 GW Korean Floating Wind Project First in Ulsan to Complete Eia Consultation

The 1.5 GW Haewoori floating wind project in South Korea, owned by Copenhagen Infrastructure Partners (CIP) and developed by Copenhagen Offshore Partners (COP), has completed the environmental impact assessment (EIA) consultation with the Ministry of Environment and Ministry of Trade, Industry and Energy, marking the first for an offshore wind project in Ulsan, according to COP.

“The completion of the EIA consultation is meaningful as we focus on corporate social responsibility and sustainable development across our entire floating offshore wind portfolio in Ulsan,” said Jonathan Spink, COP Korea Co-CEO and CEO of Haewoori Offshore Wind, the project company established by CIP and COP.

Haewoori Offshore Wind submitted the final EIA report to the relevant authorities in December 2023. The developer has also secured Electric Business Licenses (EBLs) for all three phases making up the Haewoori project and has already awarded a contract for the production, transportation and installation of floating foundations for the floating wind farm.

The Haewoori floating wind farm is planned to be built at a site located approximately 80 kilometres off the coast of the city of Ulsan.

According to information on the project’s website, the 1.5 GW Haewoori is planned to reach financial close next year and to be operational by 2028.