South Korea has long been seen as a promising offshore wind hotspot, but the East Asian economic powerhouse so far has little in the way of turbines actually operating at sea after what some have observers have labelled a 'decade of failure'.
Recharge took an in-depth look at how the nation’s grand ‘Green New Deal’ plan, and the interest of big-name foreign wind developers, means that could finally change – and why some fear it won’t.
What is clear is that the South Korean government is determined to have a commercial stake in the equipment deployed offshore, with local industrial giant Doosan told to focus on the sector as part of its payback for a huge state bailout.
The nation is also aware of the huge potential of floating wind in its seas – as are Western developers including Equinor, which earlier this month installed began taking detailed resource measurements at its 800MW Firefly project site in the East Sea off Ulsan. But this week a clutch of state-owned entities nailed its colours to the mast on the economic development potential of the sector by announcing plans to jointly devise a home-grown design for the rapidly emerging market.
What is clear is that the South Korean government is determined to have a commercial stake in the equipment deployed offshore
Floating wind’s massive potential is evident well beyond South Korea and Asia, of course: Recharge reported this week how new market analysis from the UK’s Carbon Trust suggests some 70GW of floating wind power plant will be turning by 2040 – a near-1,000-fold expansion of the current global fleet.
The EU is currently making historic decisions over its plans to decarbonise its energy system, with implications for the bloc, and the whole world, for decades to come.
The issues and Brussels’ response can be staggeringly complex, but fortunately Recharge is there to get to the heart of the matter – most recently with our special report on the bloc’s Strategy for Energy System Integration, an unassuming name for a plan that’s intended to phase-out unabated fossil fuels by mid-century.
The latest Recharge analysis comes soon after our detailed work on the EU’s hydrogen strategy, including debating the issue as part of an exclusive high-level digital roundtable on the key energy transition fuel.
The EU's plans will unfold under stern gaze of Greta Thunberg, Leonardo DiCaprio and a host of other big names who this week condemned the bloc's climate action stance as amounting to ‘surrender’.
And finally, there’s green and then there is green.
As Recharge reported, the first-ever attempt to farm 'food of the future' seaweed is underway at a project off Belgium, the latest in a string of innovative plans designed to optimise the use of offshore wind acreage, with similar pilots in progress at fish farms and oyster hatcheries pioneering wind-powered aquaculture.