About Us

Haewoori Project

Haewoori Offshore Wind
Project I, II, III

Haewoori Offshore Wind Project is a floating wind farm with
a capacity of 1.5 GW off the east coast of Ulsan.

Haewoori Offshore Wind Co., Ltd. is a project company of Copenhagen Infrastructure Partners (CIP), a global green energy investor
and developer, and is developing offshore wind projects in Ulsan.
Copenhagen Offshore Partners (COP) is in charge of development, operation
and maintenance of the Haewoori Offshore Wind Project with CIP’s investments.

Location

01

75 to 95 km east of Ulsan Metropolitan City
Water depth

02

120 to 130 m
Wind speed

03

8.5 ~ 8.7m/s
Total project size

04

1.5GW

Project Timeline

Development site review

(Approx. 6 months)
Wind measurement

(At least 12 months)
Electricity Business License (EBL)

(3-6 months)
Permits, surveys and assessments / project financing

(24 months)
Construction start

(24-36 months)
Project lifespan

(20-25 years)

Haewoori Offshore Wind Co., Ltd. obtained Electricity Business License (EBL) for
Haewoori Offshore Wind 1,2, and 3, and finished final Environmental Impact Assessment (EIA) consultation.
Haewoori Offshore Wind Co., Ltd. will contribute to the transition to renewable energy
and carbon neutrality in Korea as well as energy security and sustainable economic growth.

Ulsan’s Geographical Advantage

In Ulsan, the water depth is 100 to 200m, and the average annual wind speed is
8.0 to 9.0m/s. Ulsan has excellent natural conditions for generating offshore wind power.

Excellent Natural Environment

Wide continental shelf with a depth of 100 to 200m
High Power Demand

Proximity to large power demand areas
Strong Supply Chain

Outstanding shipbuilding and marine plant industry which can be linked to offshore wind projects

Advantages & Expectations

Integration of 5 floating offshore wind projects in Ulsan

Power Production

Up to6GW

Operation from 2019 to 2059
Production Inducement Effect

65trillion won

Direct and indirect increase in production in all industries as a result of investment in final demand
Added Value Inducement Effect

27trillion won

Direct and indirect contribution to the original production elements such as labour and capital excluding input of intermediate goods
Employment Inducement Effect

272,811people

Direct and indirect increase in the number of employees as a result of investment in final demand

Source: KPMG, Analysis of Socio-Economic Effects of Ulsan Floating Wind Power Project, May 2024

Infinite source of clean energy

Offshore wind does not use fossil fuels and does not emit greenhouse gases or harmful substances. It also reduces environmental impact and helps us respond to climate crisis. In addition, offshore wind power is the optimal clean and infinite energy source as long as the sea and wind exist.

Economy of scale

Ulsan is developing a floating offshore wind power project with a total capacity of 1.5 GW, which is equivalent to about 1.5 nuclear reactors in terms of power generation capacity. Ulsan, as a representative industrial city in South Korea, benefits from generating power near industrial demand in nearby areas, which reduces transmission losses and lowers overall costs. Additionally, with advancements in technology and the accelerating pace of development, the grid parity of offshore wind power (the point at which the generation cost of wind power equals that of fossil fuel-based power generation) is gradually being shortened.

Excellent location

Since offshore wind power can be developed in the vast seas, there are less location restrictions, with relatively fewer concerns about noise and damage to the landscape.

Creation of quality jobs

Thousands of jobs are expected to be created during the construction of the offshore wind farm. In addition, it is expected that high-quality jobs will be maintained during the operating period of 20 years, which can contribute to revitalization of the local economy.

Environmental Impact Assessment

Environmental Impact Assessment (EIA)

EIA is a comprehensive assessment which aims to assess the potential environmental impact of offshore wind plant construction and operation. The assessment not only analyses impacts on marine ecosystems, seabed, habitats, bird and marine mammal populations, but also noise and socioeconomic impacts.

EIA identifies and implements mitigation measures to minimize the negative impact of offshore wind development, ensuring responsible and sustainable development of the offshore wind farm.

Haewoori Offshore Wind Co., Ltd.'s EIA scope comprises the onshore ecosystem, seabirds, marine ecosystem, and environmental quality including water quality, air quality, soil, and noise.

Haewoori Offshore Wind Co., Ltd. has completed the final EIA consultation. We will implement the agreed-upon content throughout future project construction and operations, and will closely examine the impact of project development through post-environmental impact surveys.

Marine survey

Haewoori Offshore Wind Co., Ltd. collects data necessary for planning, designing, and constructing offshore wind farms and conducts various surveys to develop offshore wind farms based on these data.

Major approvals and permits

Future Steps
- Grid Interconnection Agreement (GIA) application
  Fisheries Acceptance Survey and Fisheries Impact Assessment start
  Occupancy or use Permit for Public Waters and implementation plan approval
  Construction Plan Permit for generation equipment
  Construction start
  Haewoori 3 completion / commissioning / pre-use inspection and commercial operation
  Haewoori 2 completion / commissioning / pre-use inspection and commercial operation
  Haewoori 1 completion / commissioning / pre-use inspection and commercial operation
2024
- Jul.
  Completion of EIA consultation
- May.
  Submission of supplementary EIA report (first submission)
  
  Submission of Marine Traffic Safety Assessment (MTSA) Report
  
  Completion of Cultural Heritage Assessment (CHA)
- Feb.
  Final MTSA report
  Notification of supplementary EIA report (request for supplementation)
2023
- Dec.
  Submission of EIA report (final) and consultation request
- Nov.
  Public disclosure of resident feedbackPublic disclosure period: 28 Nov 2023 to 11 Dec 2023
- Aug.
  EIA report (draft) public hearing
- Apr.
  EIA report (draft) public hearing (Ulsan Metropolitan City Buk-gu, Gyeongju-si Yangnam-myeon)
  
  EIA report (draft) announcement and public reviewReview period: 19 Apr 2023 to 19 May 2023
  
  Submission of EIA report (draft) and request for review
  
  Launch of Ulsan Floating Offshore Wind Power Council (UCCI)
- Feb.
  MTSA commencement report
- Jan.
  Haewoori Offshore Wind Power mutual cooperation agreementHwaam Village and Sinmyeong Village, Ulsan North District Fishing Associations, and Ulsan Metropolitan City Fishing Industry Union
  
  Commencement of Cultural Heritage Assessment (CHA)
2022
- Oct.
  Formation of a consultative body among 5 Ulsan floating offshore wind developers
- Sep.
  Public disclosure of decisions on EIA evaluation items and scope(Ulsan Metropolitan City Announcement No. 2022-1265)
  Disclosure period: 1 Sep 2022 to 15 Sep 2022
- Aug.
  Notification of review results for the EIA preparation report(MOTIE Renewable Energy Division - 905)
  
  Commencement of Military Operational Impact Assessment (MOIA)
  
  Commencement of MTSA
- Jun.
  Appointment of members for the EIA consultation committee and request for written review(MOTIE Renewable Energy Division - 692)
  Review period: 30 Jun 2022 to 28 Jul 2022
- May.
  Haewoori 2 EBL (MOTIE No. 2022-39)
- Apr.
  Haewoori Floating Offshore Wind Project EIA Service Contract
  Haewoori Floating Offshore Wind Power Project EIA Commencement
- Mar.
  Haewoori 1 & 3 EBL (MOTIE No. 2022-14, 15)
2021
- Nov.
  Haewoori Floating Offshore Wind Power Project Coexistence Agreement Ceremony(Offshore Wind Power Task Force)
- Jun.
  Haewoori Floating Offshore Wind Power Supply Chain Regional Consultation Agreement(Local Suppliers, Ulsan Metropolitan City)
2020
- Oct.
  Installation of 3 FliDARs
2019
- Jan.
  Meeting with Fisheries(Fishermen, Ulsan Metropolitan City, Relevant Companies, etc.)
2018
- Dec.
  Ulsan Floating Offshore Wind Project Public Forum(Fishermen, Environmental Organizations, Ulsan Metropolitan City, Media, Relevant Companies, etc.)

Please click Notice To Mariners for if you wish to review Notice To Mariners

Notice to Mariners

FAQ

Q. What made you start the Haewoori Project in Ulsan?
- A .
  
  Ulsan is Korea's heavy industry hub and has an industrial ecosystem essential to offshore wind power industry such as shipbuilding, steel, and electronics, which is advantageous for offshore wind power development projects. In addition, the East Sea, including the Ulsan Sea, is deeper than the West and the South Seas. The area also has favourable wind conditions, which made us choose Ulsan as the ideal location.
  
  Floating offshore wind power generates electricity on top of floaters in the ocean. It can be installed in the far seas and can be built into large complexes. Floating offshore wind is also cost-effective thanks to wind conditions.
Q. Do you collaborate with domestic companies?
- A .
  
  We are partnering with various domestic companies for the Haewoori Offshore Wind Project. In the future, we will continue to cooperate with more Korean companies to establish and foster the floating offshore wind industry ecosystem and realize the transition to eco-friendly energy.
Q. What is expected from the Haewoori Project?
- A .
  
  If the Haewoori Offshore Wind farms in Ulsan are built as planned, the farms are expected to contribute greatly to achieving the Nationally Determined Contribution (NDC) and Carbon Neutrality targets. We will continue to build a domestic floating offshore wind supply chain to successfully manage the

Haewoori Offshore Wind Project is a floating wind farm with a capacity of 1.5 GW off the east coast of Ulsan.

Ulsan’s Geographical Advantage

In Ulsan, the water depth is 100 to 200m, and the average annual wind speed is 8.0 to 9.0m/s. Ulsan has excellent natural conditions for generating offshore wind power.

Excellent Natural Environment

Wide continental shelf with a depth of 100 to 200m

High Power Demand

Proximity to large power demand areas

Strong Supply Chain

Outstanding shipbuilding and marine plant industry which can be linked to offshore wind projects

Integration of 5 floating offshore wind projects in Ulsan

Power Production

Operation from 2019 to 2059

Production Inducement Effect

Direct and indirect increase in production in all industries as a result of investment in final demand

Added Value Inducement Effect

Direct and indirect contribution to the original production elements such as labour and capital excluding input of intermediate goods

Employment Inducement Effect

Direct and indirect increase in the number of employees as a result of investment in final demand