DAEGU, May 27 — Norway’s Equinor ASA plans to make a final investment decision on what would be its first offshore wind farm in South Korea as early as 2024, and is now...
DAEGU, May 27 — Norway’s Equinor ASA plans to make a final investment decision on what would be its first offshore wind farm in South Korea as early as 2024, and is now considering a third, larger project in the country, the head of its local unit said.
The first Korean project, known as ‘Firefly’, is undergoing environmental impact assessment and a final investment decision will be made in 2024 or 2025, Michel said. Firefly is a planned semi-submersible wind farm spanning 150 square kilometres off the coast of the city of Ulsan. Equinor has a second, 200 MW wind farm project offshore Ulsan, in partnership with state-run Korea National Oil Corp and local power generator Korea East-West Power. The project was awarded a licence to generate electricity in November.
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