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CIP picks Principle for 1GW Korean foundations

RICHARD HEAP

February 15, 2024

Copenhagen Infrastructure Partners has picked Principle Power to supply floating turbine foundations for two offshore wind projects totalling 1GW in South Korea.

Infrastructure giant CIP announced that Principle Power will design the floating turbine platforms and mooring systems for the 500MW Haewoori Offshore Wind 2 and 500MW Haewoori Offshore Wind 3 projects.

In addition, it awarded Aker Solutions the contract to coordinate the design and delivery of the project’s floating foundation structures, and perform front-end engineering design work for the inter-array cable, marshaling port, wind turbine integration, and transport and installation.

Jonathan Spink, chief executive of Haewoori Offshore Wind, said: “Together, we will continue to engage the Korean supply chain to bring the knowledge from real deployment experience, thereby helping Korea to accelerate its floating offshore wind industry, while reducing cost and risk for these first projects.”

Aaron Smith, chief commercial officer at Principle Power, said South Korea was “well on track to becoming the first market in the world to deploy floating wind technology at commercial scale”.

He added: “The selection of Aker Solutions and Principle Power, contractors who together have been involved in the design and delivery of over 75% of the floating wind projects installed to date, provides access to the proven WindFloat technology and unparalleled capabilities.”

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