A Government-funded Technology Development Project
Korea Midland Power Co. will begin to develop a megawatt (MW)-level floating offshore wind power system.
The state-run power company announced on July 16 that an agreement was signed among members of a consortium to research, develop and demonstrate a MW-grade floating offshore wind power system. The consortium includes Korea Midland Power, the Korea Advanced Institute of Science and Technology (KAIST), the Korea Wind Power Energy Industry Association, the Korea Institute of Energy Research, the Korea Electric Association.
The development of an MW-grade floating offshore wind power system is an energy technology development project funded by the Ministry of Trade, Industry and Energy (MOTIE). The ministry picked up the consortium led by Midland Power for the project.
Based on its experience in the development and operation of large-scale offshore wind farms, Korea Midland Power will participate in the discovery of a verification farm, the design of a floating offshore wind power generation system, and the operation of the verification facilities.
The research wok will run for five years. The first step is to develop a test tube site, secure residents' agreement, and present the concept of a floating body. The government will invest 470 million won in the project. In the second stage, 27 billion won in government funds will be invested to optimally design an MW-grade floating body and manufacture and install and test run a system.