OFFSHORE WIND FARMS & RENEWABLES Fugro Enters the South Korean Offshore Wind
Farm Market Fugro has signed a Memorandum of Understanding (MOU) with Underwater Survey Technology 21 (UST21) in a move that opens up the South Korean offshore wind farm market.
Growing demand for alternative energy sources has led South Korea to explore its potential for wind energy, and Fugro’s global experience on over 100 offshore wind farm projects will be key to realising South Korea’s offshore wind farm ambitions.
The agreement with UST21 will facilitate collaboration on marine projects in South Korean waters, whereby Fugro will expand UST21’s local hydrography capacity to provide site characterisation services, including geotechnical, geophysical and offshore metocean
solutions. In return, UST21’s local hydrographic expertise will provide logistical and operational support to Fugro’s offshore metocean projects. For example, in conjunction with UST21, Fugro will shortly deploy several Seawatch Wind LiDAR buoys offshore South Korea to perform vital wind resource assessments.
“We are extremely pleased to
announce the signing of this MOU with UST21, with whom Fugro has great synergy. By combining Fugro’s offshore site characterisation expertise with UST21’s hydrographic capabilities in South Korea, we are now well positioned to capitalise on the growing South Korean wind farm market,” explains Jerry Paisley, Fugro’s Regional Director for Marine Site Characterisation in Asia-Pacific.
Equinor Hails Q3 a ‘Game-Changer’ for
Offshore Wind The last three months have been a “game changer” for Norwegian developer Equinor’s offshore wind business, according to company Chief Executive Eldar Sætre.
Speaking during the company’s Q3 results presentation today, Sætre highlighted the progress the company has made at projects totalling 4.5GW.
“The last few months have been a game-changer for our offshore wind business. Together with SSE, we were the winning bidder with three projects at Dogger Bank in the UK, making it the largest offshore wind farm development in the world.” he said.
The developer secured the right to build the 1.2 Creyke Beck A, 1.2GW Creyke Beck B, and 1.2GW Teesside A projects during last month’s CfD3
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auction and will start generating power from the first of the 3.6GW complex’s GE Haliade-X turbines in 2023.
“In addition, we won the opportunity to develop Empire Wind offshore New York, delivered development plans for Hywind Tampen and realised significant value from the farm-down in the Arkona wind farm off Germany,” Sætre added.
Equinor secured an 816MW Power Purchase agreement for its Empire Wind project from the New York State
Energy Research and Development Authority this summer.
This month the developer also took a final investment decision for its €500m floating Hywind Tampen project, which will power Equinor oil and gas assets on the Norwegian Continental Shelf.
The comments came as the company announced a negative net income of $1.11bn for the quarter, down from a $1.67bn profit on the same period last year.
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