Mainstream Renewable Power ("Mainstream"), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that the joint venture KF Wind, a floating offshore wind project being developed off the coast of Ulsan by Ocean Winds and Mainstream, has secured a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO) for a total of 1,125 MW of clean power to be injected into Korea’s national grid.
The agreement covers the first phase of the project, East Blue Power (375 MW) and the second phase, KF Wind (750 MW) with the interconnection point for the project located at KEPCO’s Shinonsan onshore station in Ulsan.
Grid interconnection will enable the efficient transmission of the clean energy generated by the KF Wind floating wind project of around 1,125 MW of installed capacity to the mainland, ensuring a stable and reliable power supply while maximizing the project's contribution to the overall energy grid.
KF Wind is actively making progress in the development of its sites after achieving approval of the Environmental Impact Assessments from the Ministry of Environment, Trade and Industry. Upon completion, the Ulsan floating offshore wind farm cluster, which includes KF Wind and totals around 6 GW, is expected to become the world’s largest floating offshore wind area, significantly contributing towards Korea realizing its carbon neutral targets.