Doosan Enerbility has inked a deal with Siemens Gamesa and Equinor to develop a 750-megawatt floating offshore wind farm near Ulsan, South Korea. The project, dubbed “Firefly,” marks a significant push into renewable energy for the region known for its industrial prowess.
The memorandum of understanding, signed at Doosan’s Changwon headquarters, outlines plans to use Siemens Gamesa’s 15MW turbines. Doosan will assemble and supply the nacelles from its local wind power plant, leveraging its experience in offshore wind dating back to 2005.
Son Seung-woo, head of Doosan’s power service division, called the partnership “the most realistic and optimized cooperation model” for expanding South Korea’s wind market. The collaboration builds on earlier agreements between Doosan and Siemens Gamesa, including a strategic cooperation deal from 2022.
The Ulsan project aligns with South Korea’s renewable energy goals, tapping into the potential of deeper waters for consistent wind power. However, the venture faces challenges in a nascent market, including regulatory hurdles and supply chain development.
As floating wind technology gains traction globally, this project could position South Korea as a key player in the sector, provided it can navigate the complexities of offshore development and local industry integration.
