FORNEBU, Norway, Aug. 29, 2024 /PRNewswire/ -- Mainstream Renewable Power ('Mainstream'), the pureplay global wind and solar company majority-owned by Aker Horizons ASA, announced that the joint venture KF Wind, a 1,125 MW floating offshore wind project being developed off the coast of Ulsan and owned by Mainstream (33.3%) and Ocean Winds (66.7 %), has secured the Environmental Impact Assessment (EIA) approval from the Ministry of Environment for the totality of the two-phase project. Award of the EIA is a key milestone for the development of the two-phase floating offshore wind project, advancing towards construction.

The EIA has been achieved after more than 12 months of an onsite monitoring campaign and several rounds of consultations with local communities, key local stakeholders and fisheries. The EIA approval focused on the application of the highest environmental standards, incorporating the valuable experience of KF Wind's sponsors, Ocean Winds and Mainstream Renewable Power.