Green Giraffe was mandated by developer KFWind, to raise equity to develop a 500 MW floating offshore wind project in the region of Ulsan City, South Korea.
In Q4 2019, a consortium formed by EDP Renewables and Aker Solutions entered into a joint venture Korea Floating Wind Power (KFWind) alongside the founding shareholder WindPower Korea. Principle Power, which had a role in originating the KFWind project portfolio, will supply its WindFloat foundation technology for the project.
The newly established joint venture will focus on developing the first floating offshore wind project with a commercial size.
