GIG kicks off Ulsan campaign

12 June 2019

Sian Crampsie

The Green Investment Group (GIG) has embarked on development of the Ulsan offshore wind farm with the installation of a floating LiDAR system off the coast of South Korea.

The LiDAR system is the first floating LiDAR to be installed in South Korea and will collect data from the Ulsan wind farm site to aid GIG in the design of the project.

The Ulsan wind farm is Korea’s first offshore wind farm and is being developed in three phases. It will will eventually reach 1.4 GW in capacity, with the first 400 MW phase due to start operating in 2022.

“I’m delighted to launch Korea’s first ever floating LiDAR system – a significant milestone in the development of our project and Korea’s burgeoning offshore wind market,” said Woojin Choi, GIG Associate Director leading the Ulsan development. “Our ambition is for the Ulsan project to contribute to local economic development, revitalise local industries, create jobs and support the South Korean government’s Renewable 3020 plan.”

GIG has provided capital to 15 offshore wind projects totalling over 4.5 GW, including 50 per cent of the UK’s operational offshore wind capacity. It recently signed a memorandum of understanding (MOU) with Energy Infra Asset Management, a KRW2 trillion Korean renewable energy fund manager, to deliver the Ulsan wind farm.

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