Based in Seoul and Gangwon-do, Tractebel has an unparalleled presence in South Korea since 2001. Through its German subsidiary Tractebel Engineering GmbH (formerly Lahmeyer International GmbH) Tractebel was a pioneer in Korea as a co-developer of the first and to date one of the largest wind farms in South Korea – the 98 MW Gangwon Wind Farm.
While the main activity in Korea so far was related to onshore wind power projects, the experts also provide services to other sectors, such as solar power, biomass, fuel cell and offshore wind power projects in particular.
With the acquisition of the new group members Overdick and Deutsche Offshore Consult (DOC) in December 2018, Tractebel completes the skill set with very specific offshore expertise and has already started to bring this expertise to Korean offshore wind power projects.
At the time when Tractebel started developing the Gangwon Wind Farm project in 2001 there was no legislative framework in place (e.g. no FIT, RPS, etc.) in South Korea. Nevertheless, the company was committed to its partner and was convinced about the project and the government intentions.
The present head of the Korea Office was accompanying the whole development from the very beginning:
Due to our pioneering and continued reliable activity in the Korean wind market, Tractebel is highly honored by the Korean wind market stakeholders with a remarkably high reputation, credibility and a strong market position.
In the early days Tractebel also conducted market entry studies and market overview studies to support major Korean companies in finding suitable international engineering partners for their domestic wind turbine development.
To date Tractebel has been involved in a majority of the Korean wind projects, either on the developer/owner’s side or on the lender/investor’s side. The experts work on projects from the early development stage (wind measurement, feasibility assessments), through tendering & contracting, due diligence reviews up to construction and operation stages, also advising our Korean clients in overseas projects.
Currently the first Korean wind farm repowering projects have also been advised by Tractebel.