United Kingdom and the Republic of Korea (RoK) are set to establish a Clean Energy Partnership, slated for agreement on November 22. The partnership seeks to bolster energy security and expedite the global transition to clean energy.
The accord encompasses the exchange of information and shared insights on offshore wind initiatives, with a focus on supporting the ambitions of both the UK and RoK. The partnership will involve collaborative efforts to address deployment challenges and explore commercial opportunities through the annual Offshore Wind Policy Dialogue.
Energy Security Secretary Claire Coutinho and RoK's Minister for Trade, Industry, and Energy, Bang Moon Kyu, will formalize the partnership in London. This initiative underscores the commitment of both nations to fortify cooperation across various domains, including the clean energy transition, low-carbon technologies, civil nuclear, and domestic climate policies.
The newly forged partnership aims to foster collaboration between UK and Korean businesses, tackling trade barriers and facilitating mutual development in each other's energy sectors. Simultaneously, South Korean businesses are injecting over £10 billion in new investments into the UK, supporting renewable energy and infrastructure projects, and contributing to the growth of more than a thousand highly skilled jobs in the renewables supply chain.
Claire Coutinho emphasized the strength of the existing UK-RoK relationship in addressing energy security and climate change. She stated, “The new partnership we will sign will see us collaborate even more closely, driving forward shared plans to accelerate clean energy sources, like renewables and nuclear power. This will help us make the green transition while supporting the injection of more than £10 billion into the UK economy from South Korean businesses and the thousand skilled jobs that come with that.”
