[New Year’s Interview] BadaEnergy leads Korean offshore wind    ·  BadaEnergy jointly develops the Ulsan floating offshore wind project.·  BadaEnergy aims to establish an ecosystem for the new energy industry through technology localization.·  Once the third phase of the Ulsan floating offshore wind project is completed, it is expected to be the world’s largest floating offshore wind farm and to reduce CO2 emissions by approximately 2.3 million metric tons annually.[Today Energy | Lee Jeong-heon] BadaEnergy is a joint venture developed by Corio Generation(‘Corio’), Green Investment Group (GIG)’s specialist offshore wind business, TotalEnergies, a global multi-energy company, and leading South Korean company SK ecoplant as one team for offshore wind businesses in Korea. BadaEnergy portfolio comprises more than 2GW of floating and fixed-bottom offshore wind projects in the exclusive economic zone (EEZ) off Ulsan and South Jeolla Province (Geomundo and Maenggoldo). To date, the floating offshore wind projects off the coast of Ulsan (project name: Gray Whale I, II, and III) and the Geomundo offshore wind project in South Jeolla Province have gained momentum by obtaining electric business licenses (EBLs) from the Electricity Regulatory Commission of the Ministry of Trade, Industry, and Energy. In last September, in particular, SK ecoplant newly joined the BadaEnergy offshore wind portfolio as a joint developer, acquiring a stake in the portfolio. SK ecoplant will take the projects from early planning through licensing, construction to operation, leveraging its offshore engineering, procurement, and construction (EPC) expertise in marine and harbor construction. The Ulsan floating offshore wind project, on which BadaEnergy puts a dedicated focus, aims to build wind farms with a total installed capacity of approximately 1.5GW off the coast of Ulsan across three phases, targeting to complete obtaining permits and approvals for the development of the first phase in late 2024 and begin the first commercial operation in late 2027. The project, which is the first floating offshore wind project in Korea granted an EBL, is expected to be the world’s largest floating offshore wind complex once all three phases are completed. The complex is forecasted to produce sufficient electricity to supply to 1.6 million households each year and reduce CO2 emissions by approximately 2.3 million metric tons annually.  Offshore wind is developing high expectations to play a pivotal role in revitalizing relevant industries in Korea as it shares so much common ground with the shipbuilding and offshore plant industry that it is dubbed ‘the next shipbuilding industry.’ Various technologies for building wind turbines and substructures, which are the cores of an offshore wind generator, are very similar to the ones used in the shipbuilding industry. Examples of European port cities, such as Hull in the U.K. and Bremerhaven in Germany, that successfully roared back after taking a serious downturn that came with the decline of the shipbuilding industry are widely known in Korea as well.  ◆ Choi Woo-jin, Head of Korea at CorioCorio, which has supported almost 40% of the U.K.’s current offshore wind capacity, has jumped into the Korean offshore wind market with its extensive experience and know-how. The company is looking forward to synergies with the BadaEnergy team throughout the development of floating offshore wind that takes Korea’s distinct circumstances into account. During a talk with Choi Woo-jin, Head of Korea at Corio, we listened to his hopes and prospects for the project. / Editor’s Note ■ Why has Corio decided to co-develop the floating offshore wind portfolio as a team? Corio has its origins in the U.K., where the Government established the world’s first Green Investment Bank (GIB) in 2012. GIB, which later became Green Investment Group (GIG), has supported almost 40% of the U.K.’s current offshore wind capacity and possesses extensive experience and know-how in offshore wind development and investment. When it comes to starting large-scale floating offshore wind development in Korea, we believed that we needed a special partnership in light of Korea’s distinct circumstances as well as the nature of floating offshore wind. As a traditional oil major, TotalEnergies not only holds expertise in various floating facilities but has in-depth understanding of Korean shipyards. SK ecoplant has an expertise in offshore engineering and construction, maintaining a close relationship with local supply chains. In this regard, we figured that Corio, TotalEnergies, SK ecoplant would make an optimal partnership for developing a floating offshore wind project. ■ What is special about offshore wind as a renewable energy source? Offshore wind is easy to take advantage of economies of scale compared to other renewables due to its scalability. This is one of the factors that have made offshore wind projects in the U.K. and Europe become bigger in scale, thereby enabling the levelized cost of electricity (LCOE) to drop continuously. Now, offshore wind is one of the cheapest energy sources in Europe. ■ What are the distinctive strategies of Corio? Our distinctive strategy is ‘localization.’ Since each country has its own different legal system, public sentiment, and infrastructure base, a developer will struggle with a great deal of difficulties or might get kicked out of the market if it carries out a project in a certain set way without carefully taking those factors into account. Corio and TotalEnergies are foreign-based companies; however, we are determined to develop our portfolio by incorporating the Korean way into the project, which is the most Korean way even when compared to Korean companies. We will contribute to the local industry through making the most of our partnerships with Korean companies. Also, we are planning to provide them with opportunities to participate in our projects overseas as well. ■ There are concerns about foreign investors participating in Korea’s offshore wind projects. What do you think of it? The fact that foreign capital investments are involved in the early stage of offshore wind development is not necessarily a matter of concern. In Korea, we have the Foreigner Investment Promotion Act in place that aims to attract solid investment from foreigners. Leading players in renewables, such as the U.K., are also striving to encourage foreign investors' participation in offshore wind and other renewable energy projects, and healthy competition among private investors is what makes an efficient capital input possible. It is important to make good use of foreign capital in the early stage of development as it is full of risks, and there is always a possibility that the project falls through. We also have to think about how foreign capital can create a virtuous cycle in Korea. BadaEnergy’s project, for example, initially started with foreign capital from the U.K. and France. However, as the project progresses, domestic investment from Korean companies like SK ecoplant has become part of our portfolio. After finished with obtaining permits and approvals for the project, we will carry out the project financing for construction and operation with Korean financial institutions and pension funds as much as possible. This will let most of interest income and dividend yield circulate inside the country. In addition, most of the funds raised from the project financing will also be used for construction, eventually circulating in the domestic market. This is because Korean construction firms, shipyards, and local supply chain of small and medium-sized companies will handle the construction of the offshore wind farm. In other words, most of the funds will be raised and used in Korea, and foreign capital will only act as a catalyst for this. ■ What advice would you give for the development of the Korean offshore wind industry?  Fostering renewable energy and offshore wind for carbon neutrality is a global trend that can no longer be overlooked. With the RE100 initiative rapidly spreading globally, the transition to renewable energy has become an issue that the entire Korean industry is faced with. I want Koreans to remember that offshore wind can not only be a means of quickly responding to the climate crisis, but also become positive driving force for the Korean economy.  ◆ Shin Jung-won, Country Chair Korea at TotalEnergiesTotalEnergies, which is expanding its portfolio from oil and natural gas to renewables, revealed its confidence in developing the BadaEnergy offshore wind project. Shin Jung-won, Country Chair Korea at TotalEnergies, told us about the company’s blueprint to lay the foundation of growth for domestic offshore wind ecosystem. / Editor’s Note ■ Why has TotalEnergies decided to co-develop the floating offshore wind portfolio as a team? In 2021, TotalEnergies declared a transition from an energy company focused on oil and natural gas, which are conventional fossil fuels, to a global multi-energy company that produces and markets renewables, biofuels, and low-carbon electricity. The company rebranded the name from Total to TotalEnergies to be a major player in the course of energy transition. As of 2021, we are investing more than USD 3 billion in renewables and electricity every year. And, for the next 10 years, we plan to execute investments of USD 60 billion or over in green energy. With this continuous investment, TotalEnergies is committed to shifting our energy supply mix from fossil fuels accounting for 95% of our sales in 2019 to 50% of green electricity, 25% of low-carbon new energy including biofuels, hydrogen, and e-fuels, and 25% of fossil fuels in 2050. ■ What are the distinctive strategies of TotalEnergies? TotalEnergies aims to achieve carbon neutrality by 2050 in the transition to a multi-energy company under the new name. Along with the expertise accrued for over 100 years in the energy field, we have the technology and manpower to manage the entire renewable energy business. In particular, we have the strength in the offshore wind field since we can take advantage of the know-how and technology accumulated from the existing offshore oil and gas business. Now, we are promoting fixed-bottom and floating offshore wind projects around the world, including the U.K. and France, in collaboration with local developers. ■ BadaEnergy’s partnership with SK ecoplant raises expectations for offshore wind projects in Korea. What do you think of it? SK ecoplant’s joining holds great significance in that a Korean company participates in the floating offshore wind project as a joint developer. I expect that the combination of BadaEnergy with SK ecoplant's broad experience in offshore development will act as a great driving force for constructing the world's largest floating offshore wind farm in Korea, and will serve as a cornerstone for the development of the Korean offshore wind industry ecosystem and a virtuous cycle of capital. In particular, I believe BadaEnergy will be able to more rapidly implement the strategy of localizing all stages of offshore wind projects, which it has stressed. ■ What are your plans for co-prosperity with local fishermen and residents? BadaEnergy puts top priority on residents’ acceptance for its offshore wind projects. Based on the experiences in Europe, we will review resident participatory projects and come up with resident support measures (injection and management of sustainable regional development funds, etc.) within the scope permitted by relevant laws and regulations. In order to realize such resident participatory projects, we need reform in relevant laws and regulations. In addition, we seek to carry out the projects in a way to promote co-prosperity with the local fishery industry based on continuous communication with fishermen and residents. The floating offshore wind project in Ulsan will be proceeded after a thorough review of economic and environmental impacts on the local community, and to this end, a professional environmental assessment will be conducted. We will also continue communications with fishermen while working with relevant government agencies and research institutes to study how to prosper with local fishermen. ■ What advice would you give for the development of the Korean offshore wind industry? Korea has great potential in offshore wind, including outstanding local capabilities, extensive shipbuilding expertise, and ambitious research and development plans as well as political support from the government and local municipalities to foster future industries for continuous economic growth, revitalization of the local economy and creation of high-quality jobs.  I hope that Korea becomes a green energy powerhouse in the climate crisis era by leveraging offshore wind energy, and BadaEnergy can accompany the country on the journey not just as an ordinary offshore wind developer but as a dedicated partner for the growth of its green economy.   ◆ Kim Jeong-hoon, Executive of Net Zero and Energy at SK ecoplantSK ecoplant, which is stepping up its move to become an environmental company after changing its name, presented the goal of becoming a major player in the global offshore wind market through the BadaEnergy project. Kim Jeong-hoon, Executive of Net Zero and Energy at SK ecoplant, shared us the strategy of SK ecoplant to become more prominent in the renewable energy sector. / Editor’s Note ■ Why has SK ecoplant decided to co-develop the floating offshore wind portfolio as a team? Through acquiring the stake of the BadaEnergy portfolio, SK ecoplant will be jointly developing offshore wind projects with global energy companies. We are also expecting this opportunity to lay the foundation for us to take a big step forward as a major player in the global offshore wind market. SK ecoplant has completed the overall value chain of energy business by achieving rapid growth through intensive investments in the renewable energy sector such as offshore wind, solar, and fuel cells, which we plan to leverage for our aim to preoccupy the global renewable energy market and become a global top-tier energy solution firm with continuous development of original technology and strategic investment. ■ What are the distinctive strategies of SK ecoplant? SK ecoplant strategically aims to lay the foundation for entering the global offshore wind market through advancing our capability on business development by securing the overall value chain of offshore wind including project development, licensing, construction manufacturing, EPC, and operation. We have set a strategy to expand our business area into water electrolysis, green hydrogen production, and support for the RE100 initiative in Korea by linking offshore wind, a representative renewable energy source, with the hydrogen business that we are now actively promoting both in Korea and overseas. ■ What is your outlook for the offshore wind projects that BadaEnergy is now carrying out? Korea is surrounded by sea on three sides and has world-class shipbuilding and offshore plant technology and infrastructure, which gives it a considerable competitive edge in offshore wind development. Ulsan, in particular, is the best place to construct large-scale floating offshore wind farms. The deep waters and high-quality wind resources completely meet the conditions required for floating offshore wind development. In addition, since the project in Ulsan is underway in the world's largest scale, cost reduction can be expected through economies of scale. Ulsan is also a city with all necessary elements for offshore wind development with regard to industrial base, such as global leading shipbuilding and offshore plant companies, professionals, and large-scale national industrial complexes. This industrial environment will play an important role in all stages of the floating offshore wind project, reviving the sluggish local economy and contributing to job creation. The floating offshore wind energy project, which BadaEnergy is promoting in Ulsan, is now undergoing environmental impact assessments (EIAs). BadaEnergy is enhancing its own stability as well as the stability of the project by concluding contracts with leading Korean and global companies for project certification and front-end engineering design (FEED). ■ Then, can we expect that you will use Korean companies' equipment and components according to the localization strategy? Korean small and medium-sized enterprises have the world's highest level of capabilities of manufacturing components for offshore wind farms. Many Korean companies are already exporting equipment and materials for offshore wind turbines to Taiwan and Europe, and are actively engaging in business. Since Korean companies are already competitive in many of the components for offshore wind turbines, we will definitely consider using Korean ones first. BadaEnergy is also examining ways to allow Korean, especially local, companies to participate in the projects to gain experience during the operation of the facilities. This will also serve as a springboard for the companies to join overseas projects in the future based on the offshore wind expertise and technology they acquired while participating in our projects. In particular, installation and transportation account for a large part of floating offshore wind development, so I expect the shipbuilding and offshore plant industries to play a greater role in it. ■ What advice would you give for the development of the Korean offshore wind industry? Although Korea has abundant assets in offshore wind development, various difficulties still remain. We think it would be very hard for the Korean offshore wind market to advance without the support of the system and policy as well as economies of scale. For the sake of boosting private sector’s technological competitiveness, SK ecoplant is developing the K-Floater with POSCO, a world-class steel-making company, using 100 percent Korean technology to secure original technology for floating offshore wind. We believe the Korean offshore wind market is in dire need of a public-led support project for large-scale offshore wind development and the One-Stop Shop policy in order to not only develop projects in Korea at the right time but also obtain licenses and secure resident's acceptance. For this, relevant institutions’ active cooperation is also a must.   Link to the original article.     

  •        BadaEnergy, the offshore wind developer jointly owned by Corio Generation, TotalEnergies and SK ecoplant, has launched an official website. •        The website aims to introduce BadaEnergy’s offshore wind project portfolio to local stakeholders, while explaining the benefits of offshore wind and efforts to support the green transition. •        BadaEnergy is developing more than 2GW of fixed and floating offshore wind projects off the coast of Ulsan and South Jeolla Province (Gray Whale I, II and III, Geomundo and Maenggoldo).   November 7, 2022 – BadaEnergy, the developer of more than 2 GW of offshore wind projects in Korea, on 7 November launched an official website to strengthen communication with local communities and project stakeholders. BadaEnergy comprises a portfolio of projects off the coast of Ulsan and South Jeolla Province owned by specialist offshore wind business Corio Generation and TotalEnergies, a global multi-energy company. Last month, leading Korean business SK ecoplant joined the BadaEnergy partnership, which will take offshore wind projects from early planning through licensing and construction to operation. Under the tagline ‘Leading the green energy transition through the development of offshore wind projects’, BadaEnergy's new website introduces the offshore wind portfolio, the shareholders and the portfolio’s sustainable efforts towards the green transition. By disclosing information transparently through the website, BadaEnergy aims to raise awareness about project activities, communicate widely with a diverse group of stakeholders, and share information on environmental, social and governance (ESG) commitments. BadaEnergy’s portfolio comprises more than 2GW of fixed and floating offshore wind farm projects off the coast of Ulsan City and South Jeolla Province (Geomundo and Maenggoldo). The floating offshore wind projects off the coast of Ulsan with a combined capacity of 1.5 GW (project name: Gray Whale I, II, and III) and the Geomundo offshore wind project are progressing, targeting first commercial operations in 2027 by obtaining an electric business license (EBL) from the Electricity Regulatory Commission of the Ministry of Trade, Industry and Energy. Specialist offshore wind developer Corio is a portfolio company of the Green Investment Group, operating on a standalone basis. The company has one of the world’s biggest offshore wind development pipelines, at more than 20+ GW, including projects in Korea, the U.K., Europe, Taiwan, Australia and beyond. TotalEnergies is a global multi-energy company active in more than 130 countries. With an objective of being among the world’s top five producers of electricity from renewable energy by 2050, TotalEnergies is diversifying and putting continuous investments in its energy business portfolio, from oil, biofuel, natural gas to green gas, renewable energy, and electricity. SK ecoplant is SK Group’s key environment and energy unit that is leading the group's future ESG business. In the offshore wind sector, it is developing projects with a total capacity of 1 GW on the southeast and west coasts of Korea. It is the first local company in Korea to have completed an overall value chain of the offshore wind business, which encompasses project development, licensing, structure manufacturing, EPC (engineering, procurement, and construction), and power generation business operation. “As SK ecoplant has joined forces with us, we have laid the foundation for our projects,” said a spokesperson from BadaEnergy. “By transparently publishing and continuously sharing the progress of our offshore wind projects in Korea through the website, we plan to expand touch points with a variety of stakeholders and partners, including residents, and use it as an effective means of public relations and communication to resolve any uncertainty about offshore wind.” Photo) Corio Generation, TotalEnergies and SK ecoplant on November 7 launched the official website of 'BadaEnergy,' a joint brand name to jointly develop offshore wind projects in Korea. 

•        Corio and TotalEnergies participated in the ‘Eco Mom! Happy Mom!’ an eco-friendly community activity program operated by the Ulsan Nam-gu Community Welfare Center, to measure the water quality and go plogging around the Yeocheon Stream.•        The two companies engaged in the voluntary activity as part of the ESG programs they have conducted since 2019 to fulfill their responsibility and make commitments to the local communities.•        “We will continue to pay attention and work together with the residents so that eco-friendly activities can become a daily routine.” [October 25, 2022] Corio Generation, Green Investment Group (GIG)'s specialist offshore wind business, and TotalEnergies, a global multi-energy company, announced on October 25 that they participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center. ‘Eco Mom! Happy Mom!’ is a campaign staged by the Ulsan Nam-gu Community Welfare Center for the community environmental leaders to introduce the seriousness of environmental problems to parents and children of the local community and carry out activities to clean up and improve the environment.  Corio and TotalEnergies, which are promoting floating offshore wind projects in Ulsan, supported the campaign last May as part of their environmental, social, and governance (ESG) activities to conserve the environment and pursue co-prosperity with the region. This time, Corio and TotalEnergies employees actively took part in the activity to protect the environment, such as picking up trash along the Yeocheon Stream while communicating with the residents. The program consisted of two sessions: ‘Yeocheon Stream Environment Monitoring’ and ‘Yeocheon Stream Plogging.’ Moon Ho-seong, the head of Ulsan River Restoration Network, had first given a theoretical lecture on the environmental conditions of the stream before all participants checked the water quality of the stream by measuring chemical oxygen demand (COD) and dissolved oxygen (DO). Then, the participants carried out plogging activities for an hour, starting from the area near the Ulsan Library to the downstream. “It was a meaningful time to meet with and conduct volunteer activities with the residents who are striving to preserve the environment in Ulsan based on affection and responsibility,” Corio and TotalEnergies said. “For a sustainable future, we will continue to pay attention and work together with the residents so that eco-friendly activities can become a daily routine in local communities.” “I feel rewarded as I can engage in environmental protection activities on a regular basis as a member of the community that gathered to conserve the environment of the Yeocheon Stream,” said Park Jae-ryeon, an ‘Eco Mom! Happy Mom!’ member. “I am also grateful to the employees of Corio and TotalEnergies for their interest in local activities and working together with us in concert.” Corio and TotalEnergies have been continuously expanding their ESG activities since 2019 in order to raise awareness of the value of environmental conservation for future generations, especially in Ulsan. This year, they sponsored the production of the ChildFund Korea’s environmental education kit 'Bag to the Green' in July, and held a marine environment education campaign ‘Together with Ocean’ at Okseo Elementary School in Ulsan in September, in collaboration with the National Ocean Science Museum (KOSM).  Meanwhile, Corio and TotalEnergies are co-developing more than 2GW of offshore wind projects in Korea under the joint brand name of ‘BadaEnergy’. Recently, SK ecoplant has joined as a new partner. Currently, BadaEnergy is carrying out five offshore wind projects in Korea, including the floating offshore wind projects with a combined capacity of 1.5 GW (project name: Gray Whale I, II, and III) off the coast of Ulsan.  Photo 1) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center.Photo 2) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center.Photo 3) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center.Photo 4) Corio and TotalEnergies participated in an activity to clean up the Yeocheon Stream, one of the ‘Eco Mom! Happy Mom!’ programs run by the Ulsan Nam-gu Community Welfare Center. 

•        Maenggoldo Offshore Wind Power has sponsored the ‘Traditional Culture and Art Performance for Residents’ held on West-Geochado Island in Jindo-gun, with about 80 residents. •        Traditional art masters presented excellent performances at the event, including Kang Eun-yeong’s Jindo Ssitgim-gut, followed by a grand feast as an after party. •        “This event, which has made the most of Jindo’s regional characteristics, produced good results, such as co-prosperity with the local communities,” said Kim Chun-geun, director of Maenggoldo Offshore Wind Power. “We’ll continue to actively develop and host events that can create harmony with residents.”   Oct 19, 2022 – A traditional art performance filled with exciting dance moves and songs was held at West-Geochado, a quiet island village located in Jindo-gun, South Jeolla Province. Maenggoldo Offshore Wind Power Co., Ltd. announced on October 12 that it had sponsored the ‘Traditional Culture and Art Performance for Residents’ held on West-Geochado Island, located in Jodo-myeon, Jindo-gun, South Jeolla Province. The performance, hosted by the West-Geochado Offshore Wind Promotion Committee (Chair Han Hyun-jae), took place in attempt for Maenggoldo Offshore Wind Power, which was promoting a 600-megawatt offshore wind project in the sea southwest of Maenggolgundo Island, Jindo-gun, to seek continued cooperation for co-prosperity with residents and create an opportunity for communication and harmony through art. In particular, October is designated by Jindo-gun as ‘Culture and Arts Month.’ It is deeply meaningful that the event was prepared with one heart and one mind by the residents, the municipality, and the company that is pushing forward an eco-friendly power generation project in the region. On that day, about 80 residents of East- and West-Geochado Islands enjoyed the excellent performances presented by masters of traditional arts that represented the artistic region of Jindo. The highlights of the event were Ssitgim-gut, a shaman ritual for cleaning dead person’s soul, and Jindo drum dance performed by Kang Eun-yeong, a master of National Intangible Cultural Heritage No. 72 Jindo Ssitgim-gut. Performances also included Mugahyang Momjit dance company’s fan dance; Heung Taryeong and Yukjabaegi songs presented by Park Dong-mae who held intangible cultural property of Namdodeul Norae, a traditional narrative ballad that was also a National Intangible Culture Heritage, and pansori master Lee Suk-yeong’s Sacheolga and Ssukdaemeori. The performances were followed by a grand feast of ganggang-sullae and a dance party, where everyone from the elderly aged more than 90 to elementary school students had fun together. “I am very pleased that all residents were able to gather and dance together. I can see a bright smile on all their faces,” said Lee Il-mi, chair of the West-Geochado women’s committee. “The performances were great. I wish there were more opportunities like this.” Kim Pan-sik, a 77-year-old resident, also said, “I enjoyed great food, watched great performances, and had a great time. I hope our beautiful West-Geochado becomes well known to the public.” “I wanted to give a decent feast that could enrich the soul of older residents who have lived only on the island while letting them enjoy the fun and performances,” said Han Hyun-jae, chair of the West-Geochado Offshore Wind Promotion Committee, who actively prepared the event. “I feel rewarded as they are much more satisfied than expected.” “This event, which has made the most of Jindo’s regional characteristics, seems to have produced good results for us to improve communication and cooperation with the residents of East- and West-Geochado Islands while effectively delivering the message of co-prosperity that we are pursuing,” said Kim Chun-geun, director of Maenggoldo Offshore Wind Power. “We’ll continue to actively develop and host events that can create harmony with residents.” Last year, Maenggoldo Offshore Wind Power signed cooperative agreements for co-prosperity with the West-Geochado Offshore Wind Promotion Committee and the East-Geochado Offshore Wind Promotion Committee (Chair Cho Kwang-won, respecitvely, and pledged to continue to cooperate with the local communities in the project promotion process. In the same year, the committee members and residents discussed how to implement the project in a way tailored to the region’s circumstances after they had toured advanced offshore wind farms in Jeju Island and visited nearby fishing and other villages to improve their understanding of offshore wind projects. Photo 1) Maenggoldo Offshore Wind Power announced on October 12 that it had sponsored the ‘Traditional Culture and Art Performance for Residents’ held on West-Geochado Island in Jindo-gun, South Jeolla Province.Photo 2) On October 12, the villagers of East- and West-Geochado Islands enjoyed the ‘Traditional Culture and Art Performance for Residents’ sponsored by Maenggoldo Offshore Wind Power.Photo 3) On October 12, the villagers of East- and West-Geochado Islands enjoyed the ‘Traditional Culture and Art Performance for Residents’ sponsored by Maenggoldo Offshore Wind Power. 

“Let’s learn how to save the ocean with marine environmental education and upcycling experience!”   •        In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School. •        The campaign combined a lecture on marine environment preservation and an upcycling using marine debris. •         ‘We Protect You’ plogging kits were provided to the students to encourage their voluntary participation in beach clean-up activities. •        Corio and TotalEnergies said: “We will continue to work on activities that support future generations, the local community and the environment.”   [2022. 09. 26] Corio Generation, a portfolio company of the Green Investment Group (GIG), and TotalEnergies, a global multi-energy company, announced on September 26 that they conducted the campaign, titled ‘Together with Ocean,’ where students can learn the significance of marine environment, at Ulsan Okseo Elementary School in collaboration with the National Ocean Science Museum (Director Seo Jang-wu). The marine environmental education campaign ‘Together with Ocean (Subtitled: #We Promise You #We Protect You #We are With You),’ sponsored by Corio and TotalEnergies, the developers of the floating offshore wind projects located off the coast of Ulsan Metropolitan City, is a local ESG program designed in order for future generations including elementary school students to learn about waste circulation as well as the gravity of marine debris that threatens the ocean’s ecosystem. Comprised of two sessions, the ‘Together with Ocean’ campaign was held on September 22 and 23 for two classes of third graders at Okseo Elementary School, which was designated as the model elementary school for ‘Core School for Carbon-Neutrality’ in 2021by six ministries including the Ministry of Environment and the Ministry of Education. For the first session, the National Ocean Science Museum (KOSM), the only institution in Korea that offers education and exhibitions of marine science, conducted the ‘Marine Plastic ZERO’ class focused on enhancing the awareness of blue carbon and the importance of the ocean for carbon neutrality. The second session was a hands-on education program, titled ‘Upcycling the Ocean Waste’ and prepared by Corio and TotalEnergies, where the students enjoyed an upcycling experience by making their own unique magnets out of sea glass, the broken pieces of glass thrown in the ocean. Combining a lecture and a firsthand experience, the program boosted the students’ interest in marine conservation activities by having them recognize the significance of marine environment and perform an activity themselves to protect the ocean environment. In addition, the ‘We Protect You’ plogging kits were provided to the students to encourage their voluntary participation in the clean-up activities by the river or at the beach in their neighborhood, taking advantage of Ulsan’s location near the water. In a joint statement, Corio and TotalEnergies, the sponsors of the campaign, said: “We find it very meaningful that we were able to conduct this valuable campaign in collaboration with KOSM, which allowed us not only to promote the importance of marine environment conservation to future generations living in the era of climate crisis but also to think about the ways to preserve the marine ecosystem. We will continue to work on the ESG activities that enable us to help future generations, the local community, and the environment while communicating and growing together with the local society.” The lecturer from KOSM who participated in the campaign said: “Starting off with this campaign at Okseo Elementary School, the core school for carbon neutrality, we will actively work on expanding the education opportunities to enable the young generations, who are now faced with the species-wide challenge of carbon neutrality, to understand the value and significance of the ocean as soon as possible and to make progress towards carbon neutrality through marine environment preservation. We would like to thank Corio and TotalEnergies for providing us with a worthwhile opportunity.” Centering on Ulsan, Corio and TotalEnergies are continuously expanding ESG activities for a sustainable future and co-prospering development with the local community. Last May, they sponsored the eco-friendly program ‘Eco Mom! Happy Kids!’ operated by the Ulsan Nam-gu Community Welfare Center. Also in July, they sponsored the production of ChildFund Korea’s environmental education kit ‘Bag to the Green. Meanwhile, Corio and TotalEnergies are co-developing more than 2GW of offshore wind projects in Korea under the joint brand name of ‘BadaEnergy,’ and SK ecoplant recently joined as a new partner. BadaEnergy is currently promoting five offshore wind projects in the country, which include the floating offshore wind projects located off the coast of Ulsan (Project name: Gray Whale 1, 2, 3) with a total capacity of 1.5GW.Photo 1) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.Photo 2) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.Photo 3) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.Photo 4) In collaboration with the National Ocean Science Museum, Corio and TotalEnergies conducted a marine environmental education campaign, ‘Together with Ocean’, at Ulsan Okseo Elementary School on September 22 and 23.