Korea Fating g Wind (KF Wind), a joint venture between Ocean Winds (66,7%) and Aker OffshorWind (33,3%), has obtained its first Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea for a capacity of 870MW, a key step toward realizing what will be part of the large and first commercial scale floating wind farm in the world. The EBL is a mandatory requirement to generate and supply electricity in South Korea and grants KF Wind exclusive development rights to realize the project. KF Wind expects the second EBL to follow for a capacity of 450MW and continues to mature the project with the objective of reaching financial close in 2024.