Total and Macquarie join forces on 2 GW offshore wind

The oil company and the private equity firm plan to start establishing the first 500 MW of floating wind in South Korea before the end of 2023.

Photo: Principle Power

The offshore wind market in South Korea is growing in earnest these months. Not least as regards the 6 GW of floating wind planned for establishment in the country's southeastern region, near Husan. Oil firm Total and Macquarie subsidiary Green Investment Group (GIG) declare their readiness to take on a large share of this endeavor with a new 50-50 partnership that will see development of five floating wind farms with a potential capacity exceeding 2 GW.

"Our entry in the floating offshore wind segment in South Korea is in line with Total’s strategy to profitably develop renewable energy worldwide and contribute to our net zero ambition," says Chief Executive Patrick Pouyanné.

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