Firefly Offshore Wind Project is an 800MW offshore wind power project. It is planned in Sea of Japan, Ulsan, South Korea. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2025 and is expected to enter into commercial operation in 2026.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Offshore | 800 | – | 800 | Announced | Ulsan, South Korea | Equinor |
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Description
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By GlobalDataThe project is being developed by Equinor.
The project cost is expected to be around $2,760.4m. The project will be spread over an area of 150km². The turbines will be mounted on a floating semi-submersible foundation.
Development Status
The project construction is expected to commence from 2025. Subsequent to that it will enter into commercial operation by 2026.
About Equinor
Equinor ASA (Equinor), formerly Statoil ASA, is an energy company. It focuses mainly on the exploration, development and production of crude oil and natural gas on the Norwegian Continental Shelf (NCS). The company also has operations in various oil and gas provinces in the world. Equinor operates refineries, processing plants, storage and terminals, and has interests in various oil and gas pipelines. The company markets, trades, and transports crude oil, condensate, natural gas, natural gas liquids, and refined products. It also has presence in offshore wind, carbon capture and storage, solar and hydrogen projects. Equinor is headquartered in Stavanger, Norway.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
