•        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.