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7 May 2021 0:17 GMT Updated  7 May 2021 0:17 GMT in  London Korea National Oil Corporation (KNOC) said it will “pursue in earnest” plans to deploy the nation’s first floating wind plant in 2026, after the 200 megawatt Donghae-1 project passed a key feasibility study. State-owned KNOC is leading plans for Donghae-1, which is slated for construction near an offshore gas field of the same name in Korea’s East Sea. It has attracted a heavyweight group of partners, including Norway’s Equinor, and local players Doosan Heavy – which is in line to supply the turbines – an...

The developers of the 200MW Donghae 1 floating offshore wind farm off South Korea have completed a feasibility study for the project. Korea National Oil Corporation, Korea East-West Power and Equinor said the proposed project off Ulsan had passed the preliminary feasibility study conducted by the Korea Development Institute. The developers aim to start generating 750,000 megawatt-hours of electricity a year from the wind farm from 2024. Korea National Oil Corporation head of new growth projects Ahn Beom-Hee said: “This is a meaningful starting point for a major transition from the era of ca...