EN Technologies (South Korea) and Ocean Sun (Norway) have signed an agreement to jointly develop a floating solar demonstration system with a follow-on option for a minimum 100 MW within 18 months, as pilot projects for the 2.1 GW floating solar project in Saemangeum (South Korea). Another 400 MW of floating solar capacity could be added within 5 years.
The Saemangeum Industrial Complex is a 409 km2 area that was established in 2013 and is developed by the parastatal Saemangeum Development and Investment Agency. The area includes the 100 MW Saemangeum Offshore Wind Power project, which is its final development stage after securing all permits and regulatory approvals. In December 2019, Saemangeum Offshore Wind Power, Amsterdam Capital Partners, and G8 Subsea signed a partnership to jointly develop 300 MW of offshore wind and up to 2.7 GW of floating solar PV capacity in the Samangeum Industrial Complex, located off the west coast of South Korea. No commissioning date has yet been announced, nor amounts to be invested.
As part of its “Renewable Energy 30-20” plan, South Korea aims to accelerate the development and adoption of renewables. The government targets a 20% share in the electricity mix by 2030, with 49 GW of new generation capacity from renewables, including 13 GW of offshore wind capacity.
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