Broadcast: Gyeonggin Broadcasting Radio "Here is Incheon Port" (FM 90.7 MHz, Saturday 18:00-19:00)
Host: Yu Dong-hyun, former director of Incheon City Museum
Interview: Jang Jeong-gu, representative of the Climate and Life Policy Research Institute
Incheon Bay Story Between Tides
Broadcast: September 5, Saturday, 18:05-19:00
Yu Dong-hyun: Incheon Bay breathes twice a day as tides ebb and flow. These five senses make the bay deeper and richer. "Incheon Bay Story Between Tides" is a time to exchange stories steeped in Incheon Bay, along with the time and memories contained within them, like the tides themselves.
Ørsted's Project Suspension
Today we will discuss with Jang Jeong-gu, representative of the Climate and Life Policy Research Institute, diseased fish recently caught near the Han River estuary and Ganghwa Island. Representative, hello.
Recently there have been several reports about offshore wind power development being pursued in Incheon waters. Among them, there is talk that Ørsted is suspending its project. Is that correct?
Jang Jeong-gu: Yes. There is a British global energy specialist media outlet called Recharge. An article came out on August 26. Ørsted announced to its employees that it would suspend its Korean offshore wind power projects because risks have increased and business viability has weakened.
According to the report, Ørsted's Asia-Pacific chief executive stated in an internal notice that when considering profitability against risk, the offshore wind power project currently being pursued in Incheon is difficult to meet various internal approvals, particularly financial standards. The project needs to be suspended. When looking at the project's economic viability, it is difficult to say that profits will be properly generated. The project needs to be redesigned. The British media reported this, and domestic media then reported it.
Some have suggested this could mean Ørsted is withdrawing from Korea, and there have been such criticisms. However, Ørsted has not suspended or terminated development operations. The company currently maintains the position that it will continue. I should clarify this.
Yu Dong-hyun: I see. Ørsted must be a world-famous company then. What kind of company is it?
Jang Jeong-gu: It is headquartered in Denmark and is evaluated as the world's number one company in the offshore wind industry. It is a Danish state-owned enterprise. In the past, like other countries, it was a company that produced energy centered on oil and gas, but it improved its corporate structure earlier than others.
KWI developer profile — Ørsted
2 projects in Korea totalling 1,470 MW. Compiled from the KWI database. Not part of the source article.
Incheon 1 Offshore Wind
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Incheon 2 Offshore Wind
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Project data: KWI database — Electricity Business Licence records, EIA filings (ME2025C009, ME2025C010), Electricity Regulatory Commission minutes, and pre-EBL permit filings.
Original Korean article: Gyeongin Broadcasting
