Five offshore wind developers sign mutual cooperation agreement with fishing communities

[Photo description] – (From the left) Project Director of Bandibuli (Equinor) Torgeir Nakken, Representative Director of Haewoori (CIP) Jonathan Spink, The Chairperson of Ulsan Floating Offshore Wind Association and Project Director of Korea Floating Wind (Ocean Winds and Mainstream Renewable Power) Austin Park, Chairperson of Ulsan Chamber of Commerce in Korea (UCCI) Yeon Chul LEE, Chairperson of Ulsan Floating Offshore Wind Power Fishermen’s Countermeasures Committee and Chairperson of Ulsan Suhyup SiHyan OH, BadaEnergy Gray Whale Project Ulsan Office Lead Gwon-yeol Yang, Representative Director of Munmubaram, Young Kyu JU, CEO of Hexicon AB, the main shareholder of Munmubaram, Marcus Thor, and Ulsan Floating Offshore Wind Power Fishermen’s Countermeasures Committee, Soo-man Park.

  • The MoU was signed by Ulsan Suhyup(National Federation of Fisheries Cooperatives), the Ulsan Floating Offshore Wind Power Fishermen’s Countermeasures Committee and the Ulsan Floating Offshore Wind Association representing five offshore wind developers.
  • To develop a model for community cooperation that includes securing local acceptance, strengthening collaboration to speed up development and minimize the timeline.
  • Formation and operation of a local council for cooperation.

Five developers involved in the Ulsan floating offshore wind project site, along with the Ulsan floating offshore wind power fishermen’s countermeasures committee, and Ulsan Suhyup, have signed a cooperation agreement, accelerating the construction of what is anticipated to be the world’s largest floating offshore wind farm cluster.

On 23rd of April, the parties involved gathered at the Ulsan Chamber of Commerce and Industry to sign the agreement, which aims to expedite the project by fostering cooperation throughout all phases of development, including but not limited to conducting onshore and offshore surveys, acquisition of permits and approval, securing resident support, construction, operation, and maintenance. This partnership is expected to minimize development time and facilitate quicker project progression, generating clean energy from the offshore wind cluster faster.

A key focus of the agreement is to strengthen community relations A cooperative model is being developed to solidify this relationship, which includes engaging stakeholders to gather their insights.

Ulsan Fisheries Cooperative will play a critical role in the consultation and coordination process between the five offshore wind developers and the Ulsan Floating Offshore Wind Power Fisheries’ Countermeasures committee for the success of the Ulsan floating offshore wind power project and will also actively reflect the interests of other fishermen’s organizations.

The Chairperson of Ulsan Floating Offshore Wind Power Fisheries’ Countermeasures Committee SiHyan OH said “Our fishermen have been deeply divided and embroiled in conflicts, but the recent mutual cooperation agreement provides a foundation to unite them once again. Going forward, we are committed to actively listening to the fishermen’s input and integrating it into our mutual benefit programs to ensure that we prosper together in a tangible way.”

The chairman of the Ulsan Chamber of Commerce, Yeon Chul LEE said in his congratulatory speech, “The Countermeasures Committee and the Ulsan Fisheries Cooperative are working hard to gather stakeholders’ opinions, and the developers are ensuring that all aspects of the project are well-managed. We hope that the floating offshore wind industry will stabilize in the local economy and that Ulsan will emerge as a hub for energy transition”.

The Chairperson of Ulsan Floating Offshore Wind Association (Project Director for KF Wind) Austin Park expressed optimism that this agreement will serve as a model for community-focused development and contribute significantly to the regional economy. He also highlighted the projects’ potential to help Korea achieve its carbon neutrality goals and strengthen the nation’s industrial competitiveness by providing stable renewable energy to exporting companies.

The Ulsan floating offshore wind cluster, located about 60-100km east of Ulsan in Korea’s Exclusive Economic Zone, plans to have a total capacity of up to 6GW. In April last year, five project developers launched the Ulsan Floating Offshore Wind Power Council to facilitate smoother cooperation and joined the Ulsan Chamber of Commerce as special members. The developers, backed by global companies known for their safety and efficiency, consist of Equinor & Bandibuli Energy, Ocean Winds and Mainstream Renewable Power & KF Wind-East Blue Power, CIP & Haewoori Offshore Wind 1,2,3, BadaEnergy & Gray Whale Offshore Wind Power 1,2,3 and Munmubaram.

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