EIA granted for OW and Mainstream's South Korean floating wind project [Yahoo! Finance]
Korea Electric Power Corporation (KEP)
US:NYSE Investor Relations:
home.kepco.co.kr/kepco/en/ntcob/list.do?boardcd=brd_000242&menucd=en03040201
Company Research
Source: Yahoo! Finance
Environment for its KF Wind, an 1125MW floating offshore wind project located offshore Ulsan. The approval covers the initial 375MW East Blue Power phase and the subsequent 750MW KF Wind phase. The project will see the installation of 75 turbines with floating foundations, two offshore substations, three submarine cables extending 80km, an onshore substation and a 4.5km high-voltage line connecting to KEPCO's Shinonsan substation. The approval follows an extensive period of environmental monitoring and community engagement. OW holds a 66.7% ownership stake in the project, while the remaining 33.3% stake is held by Mainstream Renewable Power. The project has secured exclusive development rights through two electric business licences (EBLs) obtained in 2022. The EIA approval is a crucial milestone for advancing the two-phase floating offshore wind project towards construction. KF Wind's project director Austin Park stated: “I am very proud of achieving this key milestone f
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KEP
News
- Korea Electric Power Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- SPPC awards 7.2GW contracts to consortiums [Yahoo! Finance]Yahoo! Finance
- KF Wind finalises TSA for South Korean floating offshore wind [Yahoo! Finance]Yahoo! Finance
- Mainstream Renewable Power and Ocean Winds project secures grid connection for 1.1 GW floating offshore wind farm in South Korea [Yahoo! Finance]Yahoo! Finance
- Kepco falls after freezing electricity rates, threatening more financial strain [Seeking Alpha]Seeking Alpha
KEP
Sec Filings
- 11/21/24 - Form 6-K
- 11/21/24 - Form 6-K/A
- 11/20/24 - Form 6-K
- KEP's page on the SEC website