Equinor is hoping that its long association with South Korean shipyards will pay dividends for its latest move into the Asian nation's growing offshore wind market.

The Norwegian oil major has just teamed up with Korean East-West Power to cooperate on 3 GW of offshore wind projects in South Korea.

The South Korean government has set out an ambition to grow renewables by 60GW to 2034, of which 12GW is targeted for offshore wind by 2030.