On Tuesday (March 8th), Jeollanamdo signed a joint venture agreement with Danish offshore wind power company Vestas and CS Wind a Korean company.
The ceremony was hosted by the Danish ambassador to Korea, Einar H. Jensen in the Danish embassy in Seoul. The agreement was signed by Jeollanamdo’s Governor Kim Yung-rok and Vestas president and CEO Henrik Andersen as well as CS Wind chairman Kim Sung-kwon.
The agreement is the next step in Jeollanamdo’s ambitious plan to establish the world’s largest offshore wind farm at the size of 8.2 GW. Through the joint venture, Vestas and CS-Wind plan to establish competitive production facilities for assembling wind towers, blades and turbines in Jeollanamdo.
Further information on Jeollanamdo’s 8.2 GW wind farm can be found here.
Kim Yung-rok, governor of South Korea’s province Jeollanamdo and Jesper Frost Rasmussen, mayor of Esbjerg Commune in the Kingdom of Denmark signed a MoU on Wednesday (30.06.2021) morning.
Through the memorandum both parties promise closer cooperation in the fields of renewable energy to fight climate change together. They plan to achieve this by exchanging information and experience as well as exploring possibilities for joint commercial projects and partnerships.
The main focus of this new cooperation will be on offshore wind energy. Just earlier this year, Jeollanamdo has announced to build a 8.2 GW wind farm at the coast of Sinan county. It will become the largest wind farm in the world. Jeollanamdo and Esbjerg are ideal partners, as Esbjerg is one of the world’s leading ports in providing infrastructure for off shore wind parks in the North Sea of Europe.
Due to the Covid-19 pandemic the signing ceremony was held online. The MoU will have a duration of three years but can be expended.
On February 5th, South Korean President Moon Jae-in unveiled the investment agreement to form the world’s largest offshore wind farm in Sinan-gun, Jeollanamdo. The wind farm will be located off the coast of Sinan-gun, a county consisting of over 1000 islands, just west of the coast of Mokpo and Yeongam county. According to President Moon, the city of Mokpo will become the logistics hub, while large manufacturing complexes will be build in Yeongam and Sinan to produce the needed equipment.
The wind farm to be built on the waters off Sinan will be as much as seven times the size of the world’s current largest wind power complex. The 8.2 gigawatts of electricity to be generated here is equivalent to the capacity of six new Korean nuclear power reactors combined. This immense amount of electricity can meet the needs of every household in Seoul and Incheon.
President Moon Jae-in
The agreement includes a 48 trillion Won investment plan as well as a plan to create about 120,000 jobs in Jeollanamdo by 2030. The wind farm is part of the President’s Korean New Deal, a plan to focus investments on technologies which help to move the country towards carbon neutrality by 2050.
Further information on the Korean New Deal plan by President Moon Jae-in can be found on the website of the Korean Ministry of Economy and Finance. The Ministry provides a detailed English booklet explaining the Korean New Deal. It can be downloaded here.
On Tuesday, January 26th, 2021, Kim Yung-rok, Governor of Jeollanamdo held a meeting with Danish ambassador to Korea, Einar Jensen at the Jeollanamdo Provincial Office in Muan. They discussed possible ways to co-operate, especially in the field of the renewable energy industry, including offshore wind power.
In the second meeting since February last year, there was a deeper conversation between the provincial and Danish governments on ways to develop the renewable energy industry as a whole. Governor Kim also delivered a letter to Jesper Frost Rasmussen, the Mayor of Esbjerg, the center city of the Danish offshore wind power industry, which the Governor inspected in January last year.
In April 2019 South Koreas biggest wind farm opened in Yeonggwang, Jeollanamdo. It was constructed by Korea East-West Power Co., a subsidiary of KEPCO, the state-run power utility corporation.
It is South Koreas largest 140-megawatt (MW) wind farm and capable of producing 260,000 megawatt-hour electricity annually. The wind farm can supply about 72,000 households, and in terms of reducing carbon dioxide emissions, it is expected to reduce about 111,000 tons of carbon dioxide emissions.
The wind farm was completed in three stages. The first two facilities were completed in 2014 and 2015 with 20 MW and 40 MW capacity, and in 2019 in the third stage, the last facility with 79.6 MW capacity was completed, making it a wind farm with about 140 MW in total.
To build the complex 409.7 billion won were spent. The complex will be overseen by 45 locally-hired employees and it houses 66 wind power turbines from local companies.
The complex is also special, since it is the first wind farm, where farmers can use the land between the wind turbines to grow crops or vegetables or use the space for other purposes.