Esvagt is entering the Korean offshore wind market through a strategic partnership with Korean shipping company KMC Line.
The two companies have signed a letter of intent to cooperate in unlocking the great potential for renewable energy production in Korea through cooperation.
Esvagt chief executive Peter Lytzen said: “We are very proud to have signed a letter of intent with KMC Line and are looking forward to a fruitful partnership.
“We have no doubt that Esvagt and KMC Line present a compelling offering.
“By combining KMC Line, a reputable shipping company with a strong presence in Korea, and Esvagt’s expertise in Europe as a leading SOV operator, we can offer the growing Korean offshore wind industry a first-class service.”
KMC Line’s chief executive James Jonghoon Kim added: “KMC Line is dedicated to helping develop offshore wind in Korea, and we are happy to cooperate with a market leader like Esvagt.
“Together, we can provide an expert and high-quality service for offshore wind and help the energy transition in Korea for many years ahead.”