Equinor is to develop a floating offshore wind project off Ulsan in South Korea in partnership with two local companies.
It has teamed up with Korea National Oil Corp (KNOC) and Korean power company Korea East-West Power (EWP) for the Donghae 1 project.
The consortium is currently launching the development of a 200-MW floating wind farm to be located close to the KNOC-operated Donghae natural gas field.
