BP South Korea offshore wind swoop could mark oil giant's floating debut

Oil supermajor BP will enter the South Korean offshore wind market after buying a majority stake in the early-stage projects of developer Deep Wind Offshore, which is looking at potential fixed and floating opportunities off the Asian nation.

BP and Deep Wind Offshore formed a joint venture to develop South Korean projects in a deal that saw the UK-based giant buy 55% of the Norway-based developer’s multi-gigawatt portfolio.