Press release, 18 October 2019

This week a consortium formed by EDP Renewables and Aker Solutions entered into Korea Floating Wind Power (KFWind) alongside founding shareholder WindPower Korea to develop an initial project of 500 MW floating offshore wind in the region of Ulsan City in South Korea. Principle Power, which had a role in originating the KFWind project portfolio, will supply its WindFloat foundation technology for the project.

Green Giraffe acted as financial advisor to KFWind to raise equity for funding of the development of the 500 MW floating offshore wind project.

We are very excited to consolidate our presence both in Asia and in the floating wind industry, and we look forward to seeing South Korea join the offshore wind adventure.

KFWind - press release

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