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Total to develop floating wind projects in Korea



Total has signed a series of agreements with Macquarie’s Green Investment Group (GIG) for the development of five floating wind projects in Korea, totalling 2.3GW of power-generating capacity.

Three of the projects will be based in Ulsan (totalling 1.5GW) while the remaining two are in South Jeolla Province (totalling 800MW). 

This will be Total’s first move towards the floating offshore wind market in South Korea. They have agreed to work within the government’s “New Deal” plan to maximise jobs for locals. The plan aims to create 1.9 million new jobs in green energy and other new technologies. An MoU has been signed with 18 Korean organisations including local manufacturers HESI and Unison, Korea East-West Power, KEPCO-ENC, and a number of R&D organisations including Ulsan Techno Park and Ulsan University.

“Our entry in the floating offshore wind segment in South Korea is in line with Total’s strategy to profitably develop renewable energy worldwide and contribute to our net zero ambition,” said Patrick Pouyanné, Chairman & CEO of Total.

“We strongly believe in the potential of floating offshore wind in South Korea, which will play a key role in achieving the country’s renewables objectives. Thanks to its extensive experience in offshore projects, in cooperation with many Korean shipyards, Total is particularly well positioned to contribute to the successful development of this new technology in South Korea together with our partner GIG.”

"Thanks in large part to the country’s world-class shipbuilding and marine plant infrastructure, GIG and Total see significant opportunities for floating offshore wind in Korea,” Mark Dooley, Global Head of GIG, said.

”We are committed to working with Korean companies and the local workforce as much as possible in order to support the Korean government’s Green New Deal plan, revitalize the economy and support jobs through Korea’s green transition.”

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Total to develop floating wind projects in Korea - Time to read 2 min
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