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About Us

Sponsors

Korea Floating Wind is owned by two leading offshore wind energy companies, Ocean Winds and Mainstream Renewable Power, together with one of the most renowned electrical engineering companies in Ulsan, Kumyang Electric Co.

Ocean Winds

Ocean Winds is the result of a joint venture announced in 2019 by EDP Renewables (EDPR) and ENGIE. Both companies share the vision in which renewables, particularly offshore wind, play a key role in the global energy transition. OW’s vision is to innovate towards a carbon neutral world using the wind’s flexibility to adapt to new environments and it’s power to move us towards more sustainable options. it’s mission is to make offshore wind into one of the main energy sources by delivering more efficient and sustainable wind energy solutions.

In the framework of Windfloat Atlantic (WFA) Project and together with other partners, OW was involved in the development of an innovative floating technology, which allows for the harnessing of wind resources and generate electricity in places where water is too deep for fixed-foundation turbines, gaining access to the wealth of wind resources which were previously inaccessible. These innovative wind farms also permit lowering product costs and ensure more stable wind speeds. The innovative focus of the technology was the design of a floating offshore wind, based on experience from the oil and gas industry, to support multi-MW floating wind turbines in offshore applications.

OW uses this floating technology and the traditional bottom-fixed technology in it’s offshore farm projects.

For more details, please click HERE.

Mainstream Renewable Power

Mainstream Renewable Power (“Mainstream”), with a global project portfolio of more than 27 GW, is a leading pure-play renewable energy company with a presence across Europe, the Americas, Africa, and Asia-Pacific. Employing over 700 people across five continents, Mainstream has raised more than EUR 3.0 billion in project finance to date. In May 2021, Norway-based Aker Horizons acquired a majority stake in Mainstream. In addition to bringing forward industrial-scale onshore wind and solar projects around the world, we are advancing gigawatt-scale offshore wind projects in Vietnam, South Korea, Japan, Norway, Ireland, the UK, and Sweden.

 

The company’s growth trajectory and offshore wind ambition accelerated in 2022 with the integration of Aker Offshore Wind, combining world-class development and industrialization capabilities through Aker group companies with Mainstream’s strong development and execution track record.

 

Further to our ambition in the floating wind market, the company holds preferential rights to bankable floating foundation technology through ownership in Principle Power. Mainstream is currently developing a net capacity of 1.3 GW of floating offshore wind in Scotland and South Korea and 1.23 GW of bottom-fixed offshore wind in Vietnam.

 

For more information, visit HERE.

Kumyang Electric Co., Ltd. 
Kumyang Electric, established in Ulsan, delivers quality in specialised engineering and construction services in the field of electrical engineering, instrumentation, civil engineering, firefighting construction, and information and communication complexes construction, both domestically and overseas. In addition, the company is equipped with diverse and differentiated competitiveness in industrial fields such as : renewable energy, general construction works, petrochemicals, and industrial facilities by securing technolgical prowess in the construction field.

For more details, please click HERE.

Presence around the world

KOREA FLOATING WIND Developers have a well diversified portfolio in terms of countries,
maturity (operation-construction-development) and technology (bottom-fixed and floating)