DAEGU, South Korea : Norway's Equinor ASA plans to make a final investment decision on what would be its first offshore wind farm in South Korea in 2024, and is considering a third project near the holiday island of Jeju, the head of its South Korean unit said.
The first project called"Firefly", a planned semi-submersible wind farm spanning 150 square kilometres off the coast of the city of Ulsan, is undergoing environmental impact assessment and a final investment decision will be made in 2024, Michel said. Equinor is also in talks with local firms to produce from scratch wind turbines and cables for the project.Equinor has a second 200-MW wind farm project offshore Ulsan, in partnership with state-run Korea National Oil Corp and local power generator Korea East-West Power.