- Press Releases
January 4 (Renewables Now) - Singapore-based renewables developer and subsea engineering company G8 on Tuesday said it has teamed up with South Korea’s Holim Tech to develop a 1.5-GW offshore wind project in South Korea.
G8 and Holim Tech, which owns coastal and quayside facilities to support wind turbine and foundation construction, signed a joint development agreement on December 24.
The planned wind park will include an energy storage system with “next generation ultra stable” lithium-ion batteries from G8’s partner Japanese battery technology company 3DOM, while the subsea cables will be deployed using G8’s cable lay and protection technologies.
“We are pleased to initiate the commercial execution of this significant project after detailed evaluation and planning, with local authority permission to proceed,” said G8 Korea’s chief operating officer Pascal Cheon.
“This marks G8’s continuation of windfarm projects in South Korea after Gochang Phase1 of 60MW in 2017,” added G8 Group managing director Gerald Tan.
The company noted that as part of pandemic recovery efforts, South Korea plans to invest USD 63 billion (EUR 55.6bn) in the green transition under its Green New Deal. It aims to boost the share of renewables in its power mix from 6.4% to 20% by 2030.
(USD 1 = EUR 0.883)