GIG and TotalEnergies, Jeonnam Maenggoldo Offshore Wind Farm Cooperate Agreement Execution with East-Geochado Villagers
- GIG and TotalEnergies are developing 400MW Offshore wind (“OSW”) project near Maenggoldo island
- Executing cooperation agreement to closely engage with stakeholders from the early stage of the project development
(June 22,
2021) – GIG, a global leading green energy development and investment company,
and TotalEnergies, a broad energy
company that produces and markets energies on a global scale, have executed
the Cooperation Agreement with the East-Geochado OSW Promotion Committee on
June 15 to develop a 400MW OSW project in the southwest sea of
the Maenggoldo island, Jindo County, South Jeolla Province.
Maenggoldo
Offshore Wind Power Co., Ltd. (whole owned subsidiary of the GIG and TotalEnergies)
announced that they are executing this agreement to fully communicate with the relevant
stakeholder, the East-Geochado OSW Promotion Committee from the very beginning
stage of the development. GIG and TotalEnergies also executed the Cooperation
Agreement with the Maenggoldo OSW Promotion Committee last April.
GIG and TotalEnergies
and the Committee specified detailed methodology to develop offshore wind farm that
can co-exist with local society. The agreement says the Committee agrees on the
OSW development activities and cooperates necessary supports, and the GIG and TotalEnergies
shall diligently discuss the community contribution and damage compensation
that may be caused by the OSW construction and operation with the Committee.
The
chairman of the Committee, Mr. Kwang-Won Cho, said “As a result of this Signing
Ceremony villagers could better understand the OSW business. And we hope to
develop the project in a way that can benefit all the parties including
residents, fishermen and the developer.”
GIG and TotalEnergies are developing 800MW in Jeonnam
region and 1.5GW in Ulsan region, a total of 2.3GW capacity of floating OSW
projects. Through the floating OSW project development, GIG and TotalEnergies are
planning to promote Korean shipbuilding and marine plant industry, which is
experiencing a downturn nowadays, by cooperating with shipyards, heavy industries,
and related supply chains.
Photo 1) GIG and TotalEnergies have executed the Cooperation Agreement with the East-Geochado OSW Promotion Committee on June 15.
Photo 2) GIG
and TotalEnergies have executed
the Cooperation Agreement with the East-Geochado OSW Promotion Committee on
June 15.