Pacifico Energy Korea (PEK) and HSG Sungdong Shipbuilding have inked a Memorandum of Understanding (MOU) to fabricate substructures for the 3200MW Jindo offshore wind farm cluster situated off the coast of Jindo County, South Jeolla Province.
This collaboration, marking the first between Korean and American offshore wind companies, aims to expedite the transition to green energy and bolster regional supply chains in Korea. Notably, it stands as the premier partnership between Korean and US offshore wind power firms within the Korean domestic offshore wind power substructures.
Seungho Choi, CEO of PEK, emphasized, “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.”
He further stated, “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.”
Choi continued, “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.”
The signing ceremony, held at the HSG Seongdong Shipbuilding & Marine Engineering headquarters in Tongyeong, Gyeongsangnam-do, saw the presence of 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.
Consul Barkhouse remarked, “The signing of this MOU represents remarkable progress in the U.S.-Korea partnership to accelerate the green energy transition.” He highlighted, “This agreement is the first to focus on large-scale offshore wind infrastructure and demonstrates Korea's commitment to responding to climate change.”
He concluded, “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 the 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.”
