Denmark and South Korea have strengthened their renewable energy ties with an implementing arrangement between their respective energy agencies.
The signing of the implementing arrangement between the Danish Energy Agency and the Korea Energy Agency is in relation to the visit of a Danish industry delegation, led by the Crown Prince Couple to South Korea.
The agreement strengthens the two countries’ cooperation on renewable energy and helps furthering the green transition in South Korea.
At the same time, the municipality of Esbjerg in Denmark has signed an agreement to establish cooperation on the field of offshore wind energy with Ulsan metropolitan city, in South Korea.
Denmark and Korea have worked under the Green Growth Alliance since 2011 with a joint commitment to promote a green energy transition and low-carbon economic growth through political, commercial, technological and research cooperation.
The South Korean government has planned to establish 12GW of offshore wind power as part of the 16.5GW of new wind energy capacity to be installed by 2030.
At the same time, Korean experience with technologies such as hydrogen gas and energy storage will provide valuable input for the improvement of the Danish energy sector.
The implementing arrangement is signed under the framework of the memorandum of understanding between the Danish Ministry of Energy, Utilities and Climate and the Korean Ministry of Trade, Industry and Energy, from 1 November 2018.
In February 2019, the Royal Danish Embassy in Korea entered a cooperation agreement on renewable energy with Ulsan, home to one of South Korea’s biggest industrial ports.
Recently, Ulsan also announced its aim to redevelop its port infrastructure from shipbuilding into a new national hub for offshore wind.
Esbjerg previously went through a similar major transformation, and now serves as an international hub for the offshore wind and the cooperation between both cities will focus on the field of offshore wind energy, especially on port development, regulation framework, academic research, operations and maintenance and floating foundation technology.