MoU to develop sea wind power in Busan, South Korea

General – Eco-friendly Energy

GS Entec, an energy equipment manufacturing subsidiary of GS Global, signed a Memorandum of Understanding with Corio Generation to exploit eco-friendly energy in Busan.

Under the deal, GS Entec will support the production and timely procurement of substructures for Busan offshore wind power generators.

Corio Generation is a global offshore wind development company of the Green Investment Group.

Corio also signed a business agreement with Daewoo Engineering & Construction in May to develop offshore wind power facilities in Busan. It has recently been making steady efforts to revitalize the local economy with green energy by sponsoring Korea-British offshore wind supply chain corporate cooperation workshops.

“Busan already has a wide range of related companies operating in the region throughout every stage of the offshore wind power project, including its research, design, procurement and construction. Cooperating with domestic companies to create businesses together and helping them to enter overseas markets is a practical contribution to the local economy and realistic response to the climate crisis,” said Choi Woo-jin, head of Corio Generation’s Korea office.

Corio also plans to continue to establish supply chains with regional-based wind-related tech firms and actively utilize them in the future to secure a stable supply of equipment and parts for the eco-friendly project in Busan.

Source: The Korea Times. Author: Kim Jae-heun

Original Source: https://ocean-energyresources.com/2023/07/24/mou-to-develop-sea-wind-power-in-busan-south-korea/