Equinor signed a memorandum of understanding with Ulsan City in May 2019 for the development of the Firefly/Bandibuli floating wind farm offshore Ulsan, planned to be built 70 kilometres off the Ulsan coast across two sites, each covering 75 square kilometres.
The company obtained environmental impact assessment (EIA) approval for the project in July, enabling the wind farm to take part in the fixed-price contract auction for wind power projects.

