This agreement has also been signed by Equinor, the developer of the 750 MW Bandibuli/Firefly Floating Offshore Wind Farm project, located off the coast of Ulsan. This would be the project equipped with these nacelles.
This is a very interesting move, allowing Siemens Gamesa to enter new markets without making large investments in factories and with an important local industrial partner.
Localizing component manufacturing in these markets is often challenging and can significantly increase turbine prices. Relying on a local industrial partner can make things much easier.
Equinor is preparing to participate in upcoming auctions for offshore wind energy in the country. South Korea recently granted grid connections for 6 GW of floating wind spread across 7 parks.