X

PEDC News

Home /News & Media/News
KNOC and Equinor sign MOU to work jointly developing commercial floating wind

 KNOC and Equinor sign MOU to work jointly developing commercial floating wind

Saturday، 16 February 2019 | Article Rating

Korea National Oil Corporation (KNOC) and Equinor ASA have signed a Memorandum of Understanding to jointly explore the opportunities to develop commercial floating offshore wind in South Korea.

“South Korea has large potential and offers attractive opportunities within offshore wind. We are pleased to sign a MoU with KNOC to strengthen our collaboration. We look forward to evaluate how we can further expand our portfolio within offshore wind and contribute to develop renewable energy solutions in South Korea,” says Stephen Bull, senior vice president for Wind and Low Carbon in New Energy Solutions in Equinor.

“Executing a MoU with Equinor will become a critical opportunity that will advance to practical steps of floating offshore wind in Korea. We plan to actively focus on progress and de-risking studies including feasibility studies in collaboration with Equinor. We will make every endeavor to meet the government initiative and create lasting values for local communities,” says Jae-Heon Shim, senior vice president at KNOC.

South Korea is pursuing a fundamental transition in the energy mix from nuclear and coal, to renewable energy. The proportion of renewable energy in power generation is set to increase to 20% by 2030; which translates to a target of 49GW of new renewable generation capacity by 2030.

KNOC is 100% owned by the South Korean state and has a mandate to ensure South Korea’s energy security. Supporting the South Korean Government’s ambition of renewable energy, KNOC is launching a new business by developing floating offshore wind, building on their offshore development experiences. KNOC is looking to develop a 200 MW floating offshore wind project at their existing Donghae platform 58 km off the coast of Ulsan City.

Equinor is operating the world’s first full scale commercial floating offshore wind farm off the coast of the UK (Hywind Scotland). In the UK, Equinor operates two large scale offshore wind farms based on bottom fixed technology (Sheringham Shoal and Dudgeon). Together with the Arkona windfarm in Germany (owned jointly with EON), these windfarms provide renewable power to more than 1,000,000 homes in Europe. The company is engaged in developing large-scale wind projects offshore the UK, Germany, Poland and the US with Asia a key future market.

Source : Link

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

Photos
  • KNOC and Equinor sign MOU to work jointly developing commercial floating wind
Rating
Sharing
طراحی سایت ایزی وب