- RWE, Germany’s top utility, has secured a 495 MW Electricity Business License (EBL) to develop the Seohae offshore wind project.
- The award of an EBL is a mandatory requirement that permits companies to generate and supply electricity in Korea.
RWE, Germany’s top utility, has secured a 495 MW Electricity Business License (EBL) from South Korea to develop the Seohae offshore wind project. The Seohae offshore wind project is off the coast of Taean County in South Korea’s Chungcheongnam Province.
The license, awarded by the Ministry of Trade, Industry & Energy of Korea, grants RWE its first exclusive development rights for offshore wind in the country since the company opened an office in Seoul in 2021.
The award of an EBL, a mandatory requirement that permits companies to generate and supply electricity in Korea, is a significant milestone for RWE in developing its first Korean offshore wind project.
Also, the next step in developing the Seohae project is to work with local suppliers to continue Engineering and Environmental Impact Assessment studies and engage with the local county and the Korea Electric Power Corporation (KEPCO) to plan and secure a grid connection agreement.
Sven Utermöhlen, CEO of RWE Offshore Wind, noted that RWE has established an offshore wind project development pipeline of 3 GW in Korea, supporting the country’s transition to net zero by 2050.
RWE’s Korean development portfolio includes the 495 MW Seohae project in Taean County, the 510 MW Neulsaem Ui project in the waters off Shinan County and the 2 GW Hanee Baram project in Incheon. The utility has also established an offshore wind co-development partnership with Hyundai Engineering & Construction.