Actus des entreprises Energies renouvelables - Développement durable - Environnement
EDF Renewables Completes the Acquisition of a Large-Scale Offshore Wind Project Under Development in South Korea
September 3, 2024 – Korea, – EDF Renewables – a subsidiary of EDF, the world’s first low-carbon energy producer – announced today that it has acquired 100% of Shell Overseas Holdings Ltd.’s shares in West Sea Energy 1 Co., Ltd., which is exploring the development of a large-scale offshore wind project in South Korea. It marks a major step for EDF Renewables as it seeks to increase its offshore wind presence in South Korea and the Asia-Pacific region.
EDF Renewables acquires its first offshore wind project in South Korea, located in the southwestern county of Yeonggwang. Wind measurements have already been conducted across three identified zones. Following this acquisition, the company will continue to develop the project, which has an estimated capacity of up to 1.5 GW. Its next major milestone is obtaining an electricity business license by 2025.
EDF Renewables is continuously expanding its local team having started building its presence in South Korea two years ago. This acquisition is a significant step for the company in South Korea, in line with its strategy to increase its offshore wind presence in Asia Pacific, and especially in South Korea.
EDF Renewables is an international energy company which develops, builds, and operates renewable power generation plants. As a major player in the energy transition worldwide, EDF Renewables deploys, within EDF, competitive, responsible, and value-creating projects. With more than 15 years of expertise in offshore wind energy, EDF Renewables operates nine offshore wind farms worldwide and is building three others, based on either fixed-bottom or floating technologies.
Vincent Boulanger, CEO of EDF Renewables in South Korea said:
“This acquisition demonstrates our commitment to contributing to the South Korean government’s target of 14.3 GW of offshore wind power installed by 2030. Supported by our local team and benefiting from more than 15 years’ experience in offshore wind, we are willing to develop a project that will not only contribute directly to the Korean decarbonization plan but also bring new opportunities for local employment and partnerships with the local industry.”
About EDF Renewables
EDF Renewables is an international energy company which develops, builds and operates renewable power generation plants.
As a major player in the energy transition worldwide, EDF Renewables deploys, within EDF, competitive, responsible and value-creating projects. In every country, our teams show their commitment to local stakeholders every day, adding their expertise and capacity for innovation to the fight against climate change. At the end of 2023, EDF Renewables operates a net installed wind and solar capacity of 12.8 GW (21.2 GW gross) worldwide.
Mainly present in Europe and North America, EDF Renewables is pursuing its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and in the Middle East. Historically active in onshore wind and photovoltaics, the Company is now strongly positioned on offshore wind and floating wind as well as in new technologies such as energy storage, floating solar and agrivoltaism.
For more information: https://edf-renouvelables.com/en/
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