Maenggoldo and Geomundo Offshore Wind Projects Participate in MoU to Advance Offshore Wind Industry and Boost Local Economy in Jeollanam-do

 Maenggoldo and Geomundo Offshore Wind Projects Participate in MoU to Advance Offshore Wind Industry and Boost Local Economy in Jeollanam-do   •         Participated in the “Jeollanam-do Offshore Wind Industry Expo” held at the Yeosu Expo Convention Center on June 18–19•         Signed a Memorandum of Understanding (MoU) with Jeollanam-do, three local municipalities, power generation companies, and equipment suppliers to foster the offshore wind ecosystem•         Maenggoldo and Geomundo Offshore Wind Projects to continue efforts in establishing a foundation for Jeollanam-do's offshore wind industry   Seoul, June 20 – Maenggoldo and Geomundo Offshore Wind Projects announced their participation in the “Jeollanam-do Offshore Wind Industry Expo,” held at the Yeosu Expo Convention Center on June 18–19, where they joined the signing of a memorandum of understanding (MoU) together with the provincial government, local municipalities, power generation companies, and equipment manufacturers to promote the development of the offshore wind industry and revitalize the local economy.   In addition to the Maenggoldo and Geomundo Offshore Wind Projects, the MoU was signed by Jeollanam-do, three local governments of Yeosu City, Yeonggwang County, and Sinan County, as well as private sector participants such as Myungwoon Industrial Development, UTOP Construction, K-Wind Power, Donga Engineering, and MSL Technology Co., Ltd. Together, the parties pledged to pursue strategic and sustained collaboration to establish a robust offshore wind industry ecosystem in Jeollanam-do.   Under the agreement, Jeollanam-do Province and the participating municipalities will support the creation of a favorable business environment through licensing and permitting assistance, infrastructure development, community engagement, collaboration with educational institutions, and institutional support. Power generation companies will be responsible for the development, operation, and technical support of offshore wind farms, as well as overall project management. Equipment suppliers will contribute through engineering services, permitting support, design, manufacturing, delivery, and maintenance of key components. In particular, as project developers, the Maenggoldo and Geomundo Offshore Wind Projects will play a central role in establishing a localized supply chain for core components such as turbines, substructures and blades, securing port facilities and installation vessels, and building O&M (Operations and Maintenance) centers. These efforts aim to build an integrated offshore wind industry cluster with globally competitive capabilities.   During the conference, Maenggoldo and Geomundo Offshore Wind Projects delivered a presentation on the current status of the offshore wind projects and strategies for supply chain development. The projects also operated an on-site booth, where they introduced the initiatives and held partnership meetings with attendees, drawing significant interest from industry stakeholders.   A spokesperson from Maenggoldo and Geomundo Offshore Wind Projects stated:“We are pleased to participate in this MoU aimed at advancing the offshore wind industry and revitalizing the local economy in Jeollanam-do. We will continue our efforts to ensure that the Maenggoldo and Geomundo Offshore Wind Projects serve as a foundation for the region’s offshore wind industry ecosystem.”   Maenggoldo and Geomundo Offshore Wind Projects are part of BadaEnergy, an offshore wind power portfolio jointly developed by Corio Generation— a global offshore wind development specialist, TotalEnergies—a global multi-energy Company, and SK ecoplant—an environmental and energy solutions provider. Maenggoldo Offshore Wind Project, located near Maenggoldo in Jindo County, Jeollanam-do, received an EBL for 600MW fixed-bottom offshore wind power in 2023 and is accelerating the permitting process with the commencement of its environmental impact assessment in late 2024. Meanwhile, Geomundo Offshore Wind Project is under development in a marine area approximately 10 kilometers west of Geomundo in the South Sea, with a planned capacity of around 500MW. The project obtained its power generation license in June 2022.  On June 18, the Maenggoldo and Geomundo Offshore Wind Projects participated in the ‘Jeollanam-do Offshore Wind Industry Expo’ held at the Yeosu Expo Convention Center, where they joined the signing of a memorandum of understanding (MoU) with the provincial government, local municipalities, power generation companies, and equipment manufacturers to promote the offshore wind industry and revitalize the local economy. On June 18, Jeon Jin-Hyung, Project Lead of Maenggoldo and Geomundo Offshore Wind Projects, participated in the ‘Jeollanam-do Offshore Wind Industry Expo’ held at the Yeosu Expo Convention Center, and gave a presentation on BadaEnergy during the conference session ‘Offshore Wind Project Status and Supply Chain Participation.’