Pacifico Signs Foundations Deal for 3.2 GW Project in US-Korean Offshore Wind First

Korea (Natural Energy News): Pacifico Energy Korea (PEK) has taken a significant step toward advancing green energy in South Korea by signing a Memorandum of Understanding (MoU) with HSG Sungdong Shipbuilding. The collaboration aims to develop and supply foundations for the impressive 3.2 GW Jindo offshore wind farm cluster, situated off the coast of Jindo County, South Jeolla Province. Notably, this partnership marks the first-ever collaboration between Korean and US offshore wind companies in the Korean domestic offshore wind power substructures.

Key Highlights:

  1. Green Energy Transition: The joint effort between PEK and HSG Sungdong Shipbuilding seeks to accelerate the transition to clean energy. By combining expertise and resources, they aim to strengthen regional supply chains and promote sustainable practices.

  2. Hub for Offshore Wind Power: The collaboration also has broader implications. It positions Jindo County and South Jeolla Province as a new hub for offshore wind power in Asia. As the project unfolds, it will contribute to the region’s energy security and environmental goals.

  3. PEK’s Vision: According to Seungho Choi, PEK’s chief executive, this agreement represents more than just a business deal. It signifies a commitment to supporting Korea’s growth in the Asia-Pacific offshore wind power market. By fostering ties with domestic supply chains, PEK aims to drive sustainable development.

  4. Impressive Scale: The 3.2 GW Jindo offshore wind cluster stands out as one of the largest clusters of its kind in the Asia-Pacific region. Its sheer capacity underscores the project’s significance in meeting energy demands and reducing carbon emissions.

  5. Economic Impact: While PEK focuses on clean energy, HSG Sungdong Shipbuilding gains an opportunity to boost domestic demand in the fabrication sector. Their collaboration ensures a stable supply of large-scale offshore wind foundations within Korea.

  6. Project Details: The Jindo offshore wind project, initiated in October 2023, involves three offshore wind farms. Together, they will have a combined installed capacity of 3.2 GW, equivalent to powering approximately three million households.

  7. Project Management: PEK has appointed Denmark’s K2 Management as the Owner’s Engineer for the project’s first phase. K2 Management’s role includes providing overall project management support.

In summary, the Pacifico Energy Korea and HSG Sungdong Shipbuilding partnership represents a significant milestone in South Korea’s renewable energy journey. As the offshore wind industry gains momentum, this collaboration sets the stage for a cleaner, more sustainable future.

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