• Total and Green Investment Group set to build up 2.3GW ability in Korea

    Total and Green Investment Group set to build up 2.3GW ability in Korea

    1 2020 by Andrew McCorkell september

    GIG and Total agree deal to produce a profile of drifting wind that is offshore Korea with a short policy for five tasks

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    A deal signed by the Macquarie-owned Green Investment Group (GIG) and oil that is french fuel giant Total has committed both organizations to five projects — three in Ulsan totalling 1.5GW and two in Southern Jeolla Province for 800MW.

    Developing work will start in autumn of 2020 as soon as regulatory licenses are guaranteed.

    The contract comes included in the Korean government’s New contract plan and a target of 12GW of offshore wind by 2030.

    Mark Dooley, worldwide mind of Macquarie’s GIG stated: ” Many Many Thanks in big component towards the country’s world-class shipbuilding and marine plant infrastructure, GIG and Total see significant possibilities for drifting overseas wind in Korea.”

    CIG has recently launched a wind information collection campaign, while construction for the very very first phase that is 500MW of Ulsan task should begin ahead of the end of 2023.

    Such as investor and developer of green infrastructure, GIG has supported 16 overseas wind jobs representing very nearly 5.5GW of capability in construction and operations.

    In addition includes a worldwide development pipeline greater than 25GW, including 4.5GW of offshore wind development capability across Asia.

    The company has also been type in the introduction of Taiwan’s Formosa 1 and it is heavily associated with delivering the Formosa 2 and 3 tasks.

    GIG recently finalized a memorandum of understanding with Ulsan City ,18 organisations including regional manufacturers Hesi and Unison, Korea East-West energy, Kepco-ENC, as well as R&D organisations such as for example Ulsan Techno Park and Ulsan University.

    The MoU commits to advertising floating overseas wind in Ulsan, the introduction of neighborhood technology and brand brand new jobs.

    Complete is active in Southern Korea for longer than three decades now has 5GW of functional energy capacity worldwide that is renewable.

    Julien Pouget, senior vice-president for renewables at complete, said: “South Korea advantages from a unique pair of competencies and assets to be one of many leading players into the floating overseas wind sector.”

    The gas and oil major has targeted the purchase of 25GW of renewable generation capability by 2025.

    In 2019, Macquaries’ Green Investment Group (GIG) revealed a 1.4GW Korean offshore project and deployed a floating lidar during the web web web site summer that is last.

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