Pacifico Energy Korea (PEK) and HSG Sungdong Shipbuilding have signed an MOU for the fabrication of substructures for the 3200MW Jindo offshore wind farm cluster off the coast of Jindo County, South Jeolla Province.
The partnership, the first between Korean and American offshore wind companies, aims to accelerate the green energy transition and strengthen regional supply chains in Korea. It is the first partnership between Korean and US offshore wind power companies in the Korean domestic offshore wind power substructures.
“One of the key elements for the development of the 3.2GW Jindo offshore wind farm cluster and for Korea to become a ‘hub of green transition’ in the Asia-Pacific region is cooperation between offshore wind power developers and domestic suppliers,” said PEK chief executive Seungho Choi.
“The cooperation between Pacifico Energy Korea and HSG Seongdong Shipbuilding & Marine Engineering is an agreement in the field of offshore wind power infrastructure signed by an American offshore wind power developer to further strengthen its relationship with the domestic offshore wind power supply chain and to support Korea’s growth in the Asia-Pacific offshore wind power market.”
“This is our first partnership.
“Pacifico Energy is developing offshore wind power of more than 10GW in total in the Asia-Pacific region.
“We plan to use the pipeline as an opportunity to provide continuous support to domestic suppliers to further enhance Korea’s position in the offshore wind power industry in the Asia-Pacific region.”
Attendees to the signing of the deal at the HSG Seongdong Shipbuilding & Marine Engineering headquarters in Tongyeong, Gyeongsangnam-do, included representatives from both companies, US Consul in Busan Nolan Barkhouse, National Assemblyman Choi Hyung-doo, President of the American Chamber of Commerce in Korea James Kim and GE Vernova president Ha Woon-sik.
“The signing of this MOU represents remarkable progress in the U.S.-Korea partnership to accelerate the green energy transition,” said Consul Barkhouse.
He added: “This agreement is the first to focus on large-scale offshore wind infrastructure and demonstrates Korea’s commitment to responding to climate change.
“Through joint research, development, and installation of offshore wind power, the two countries can create new opportunities for job creation and economic growth, especially in the Gyeongnam and Jeollanam-do regions.
“This partnership is a partnership between American developers and Korea.
“Not only did it strengthen relationships between suppliers, but it also created a foundation for expansion of the offshore wind power supply chain and market.
“By continuing to create more examples of partnerships that have an impact on the environment, our two countries are jointly solving the pressing challenges of climate change.”