“The combined technical expertise and know-how of Aker Solutions and Principle Power will provide us with the capabilities to deliver one of the first industrial scale floating wind projects in the world. Together, we will continue to engage the Korean supply chain to bring the knowledge from real deployment experience, thereby helping Korea to accelerate its floating offshore wind industry, while reducing cost and risk for these first projects,” said Jonathan Spink , CEO of Haewoori Offshore Wind.

The Haewoori Offshore Wind is a 1.5 GW floating project located off the eastern coast of Ulsan. The project is under development and undergoing survey and permitting activities.