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

May 27, 2024, by Adnan Memija

Pacifico Energy Korea (PEK) has signed a Memorandum of Understanding with HSG Sungdong Shipbuilding to develop and supply foundations for the 3.2 GW Jindo offshore wind farm cluster off the coast of Jindo County, South Jeolla Province.

PEK Jindo HSG — *Source: Pacifico Energy Korea via LinkedIn*

According to PEK, this is the first partnership between Korean and US offshore wind companies in the Korean domestic offshore wind power substructures.

The partnership aims to accelerate the green energy transition and strengthen regional supply chains in Korea. The mutual cooperation will also serve to establish Jindo County and South Jeolla Province as a new hub for offshore wind power in Asia, the partners said.

“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,” said Seungho Choi, PEK chief executive.

According to PEK, the 3.2 GW Jindo offshore wind cluster is one of the largest clusters of its kind by a single developer in the Asia-Pacific region.

HSG Sungdong will have an opportunity to boost domestic demand in the fabrication sector while PEK has secured a stable supply for large-scale offshore wind foundations in Korea.

In October 2023, Pacifico Energy Korea, HD Hyundai Electric, CS Wind, Korea Ocean Engineering & Consultants, and Daebul Shipbuilding signed an MoU to develop the Jindo offshore wind project off the coast of Jindo County in South Jeolla Province.

The project consists of three offshore wind farms with a combined installed capacity of 3.2 GW, which would produce enough electricity to power three million households.

At the beginning of this year, PEK appointed Denmark’s K2 Management as the Owner’s Engineer for the first phase of the project. The company’s scope of work includes support in the overall project management.