Deep Wind Offshore has announced that it has received its first Electricity Business License for an offshore wind project in South Korea. This license covers the Admiral Lee Offshore Wind Project.
The project has a planned capacity of 345 megawatts. It is located off the coast of Yeosu, Jeollanam-do. The license allows Deep Wind Offshore to start the next steps. These include an Environmental Impact Assessment and an Implementation Plan Approval.
The project is planned in partnership with Korea Hydro & Nuclear Power. This company is South Korea’s biggest power producer. The partners signed an agreement for this project in 2025.
Before this license was granted, the project received a public water surface occupancy and use permit. This was approved by the government in December 2024.
Deep Wind Offshore is also gathering more wind data for the project area. A floating LiDAR was installed in May 2025. The data from this equipment helps to measure wind speeds and directions.
The collected information will help expand the project area. The plan is to increase the total generation capacity to more than 1 gigawatt.
Once the plan is ready, Deep Wind Offshore aims to take part in future auctions. These auctions are for Renewable Energy Certificates and Power Purchase Agreements.
South Korea has other smaller renewable energy projects. In coastal towns like Mokpo, small pilot wind farms are running. These projects are under 10 megawatts each. They supply power for local use, such as fishing ports and cold storage.
On islands like Jeju, there are also hybrid projects. Some solar panels are linked with small wind turbines. These systems often have battery storage units of about 1 to 5 megawatt-hours. They help balance local demand during peak times.
