Norwegian Firm Gets Electricity License for South Korean Offshore Wind Project

Norway-based company Deep Wind Offshore has secured the Electricity Business License (EBL) for the Admiral Lee offshore wind project in South Korea.

The approval marks a major step forward for the 345 MW offshore wind project and highlights the strength of collaboration between domestic and international companies in the country’s growing offshore wind sector.

With this milestone, planned to be the first of several EBL’s, the large-scale project off the coast of Yeosu, Jeollanam-do has entered the next development phase.

Admiral Lee is being developed based on a partnership signed in 2025 between Deep Wind Offshore and Korea’s largest power producer Korea Hydro & Nuclear Power (KHNP), combining international offshore wind expertise with strong domestic capabilities in executing and operating major energy infrastructure projects.

The EBL follows the earlier approval of the Public Water Surface Occupancy and Use Permit (PWOP) in December 2024. With both key development consents secured, the project will now proceed with the Environmental Impact Assessment (EIA) and Implementation Plan Approval and will target participation in upcoming centrally run REC/PPA auctions thereafter.

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