Singaporean renewable energy firm Vena Energy has selected Offshore Design Engineering (ODE) as the owner’s engineer for its 384MW Yokji offshore wind farm in South Korea.

The contract covers basic engineering, wind turbine generator package support, and engineering, procurement and construction (EPC) preparation support among other services.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Vena Energy aims to make the project commercially operational by 2026 to support the South Korean government’s goal to install 12GW of offshore wind capacity by 2030.

The financial details of the two-year contract have not been made public.

ODE South Korea Country Manager Jinho Paik said: “This is an exciting period of development for the Korean offshore wind market.

“With a strong foundation of work in Korea already secured, we look forward to drawing on our presence in Seoul and our expert service-offering to continue to build relationships with the country’s offshore wind developers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ODE said that it will coordinate activities on this project from its offices in Seoul, South Korea, and London, UK.

Vena Energy Korea Head Kwangjin Cheong added: “We look forward to working with ODE for the Yokji Offshore Wind Project.

“We believe that our regional experience in wind energy, augmented by ODE’s strong technical capabilities in Korea, will help us deliver the project smoothly and safely.”

Following the award of this deal, ODE now supports more than 1GW of offshore wind projects as owner’s engineer in South Korea.

UK Department for International Trade South Korea country director Mike Welch said: “We have strongly supported the UK’s offshore wind engineering and consulting providers in South Korea.

“I am delighted to see that ODE is continuing to collaborate successfully in the market: helping South Korea support the global effort to address climate change, with offshore wind a vital part of its future energy mix.”