EDF RENEWABLES, a subsidiary of EDF and a global leader in low-carbon energy, has completed the acquisition of West Sea Energy 1 Co., Ltd. from Shell Overseas Holdings Ltd. This strategic acquisition marks EDF Renewables' entry into the South Korean offshore wind market, aligning with the company’s broader ambitions in the Asia-Pacific region.

The project, located in the southwestern county of Yeonggwang, has already undergone wind measurements across three identified zones. It boasts an estimated capacity of up to 1.5 GW. The next significant milestone for the project is obtaining an electricity business license by 2025.

Vincent Boulanger, CEO of EDF Renewables in South Korea, emphasized the company’s commitment to supporting South Korea's renewable energy goals. “This acquisition demonstrates our commitment to contributing to the South Korean government’s target of 14.3 GW of offshore wind power installed by 2030,” he said. The project is expected to play a crucial role in the nation’s decarbonization efforts while fostering local employment and industry partnerships.

With over 15 years of experience in offshore wind energy, EDF Renewables continues to expand its global portfolio, currently operating nine offshore wind farms and constructing three more. This acquisition underscores EDF Renewables’ strategic focus on expanding its offshore wind presence in the Asia-Pacific region, particularly in South Korea.

Source: businesskorea.co.kr