Pacifico Energy Korea Partners with EEW KHPC, KMC Line, and CS Energy to Promote Korean Offshore Wind Supply Chain
Pacifico Energy Korea, a leading U.S.-based offshore wind developer, has signed a memorandum of understanding (MOU) with three offshore wind suppliers based in the Gwangyang Bay Area of Jeonnam-Gwangju Special Metropolitan City, to establish a tailored local supply chain for the 3.2 GW Jindo Offshore Wind Project Cluster. The collaboration has been formed between Pacifico Energy Korea and EEW KHPC, an offshore wind foundation manufacturer; KMC Line Co., Ltd., a marine logistics and offshore wind vessel operator; and CS Energy Co., Ltd., a supplier specializing in the manufacture and supply of key foundation components for offshore wind.
Development of a robust domestic supply chain has become more critical than ever to ensure energy security for Korea and to produce affordable renewable energy. This MOU signifies Pacifico Energy Korea’s strategy of establishing and protecting a stable and competitive local supply chain and the efforts of the three suppliers to energize the Gwangyang Bay Area into an offshore wind supply chain hub for Korea and beyond.
Seung-Ho Choe, Representative Director of Pacifico Energy Korea, stated, “Partnering with local manufacturers and logistics companies is essential to the successful development of large-scale offshore wind projects. This MOU showcases our core strategy of prioritizing the local offshore wind supply chain, as well as a collaborative model to help local suppliers expand their presence in the domestic offshore wind market and beyond. Pacifico Energy Korea will continue to build partnerships with local suppliers and contribute to making Jeonnam-Gwangju the hub of the Asia-Pacific offshore wind supply chain.”
The signing ceremony was held in Gwangyang on July 7, including Seung-Ho Choe, Representative Director of Pacifico Energy Korea; Deok-Han Kim, Representative Director of EEW KHPC; Seung Shin, Vice President of KMC Line; Jun-Yong Park, Representative Director of CS Energy; National Assembly Member Hyang-Yeop Kwon (Democratic Party of Korea); and representatives from Jeonnam-Gwangju Special Metropolitan City, the Gwangyang Chamber of Commerce and Industry, the Yeosu Gwangyang Port Authority, the Jeonnam Development Corporation, and the Jeonnam Wind Power Association.
Hyang-Yeop Kwon, member of the National Assembly of Korea said in her remarks, “This MOU will accelerate the development of the 3.2 GW Jindo Offshore Wind Project Cluster and serve as a significant milestone for Gwangyang Bay Area suppliers to become a core pillar of the Jeonnam-Gwangju offshore wind supply chain.”
Under the MOU, the four parties will leverage their respective expertise to cooperate on the development of the 3.2 GW Jindo Offshore Wind Project Cluster. Pacifico Energy Korea will lead overall investment and project management. EEW KHPC will cooperate on the manufacturing and supply of offshore wind foundation components, including pin piles. KMC Line will provide marine logistics solutions, including transportation of offshore wind components, installation support, and dedicated operations and maintenance (O&M) vessel operations. CS Energy will work to strengthen its technical and production capabilities for efficient manufacturing and supply of key offshore wind foundation components.
In addition, the parties aim to establish a collaborative model to activate the Gwangyang Bay Area offshore wind supply chain, advance the Jeonnam-Gwangju offshore wind industry, and develop local talent. The parties also agreed to cooperate on long-term job creation and regional economic revitalization in Jindo County, the Gwangyang Bay Area, and surrounding areas.
Deok-Han Kim, Representative Director of EEW KHPC, stated, “We are deeply honored to establish a strong partnership for the development of Jeonnam-Gwangju’s offshore wind industry. Building on this MOU, we will pursue shared growth with outstanding partners in the Gwangyang Bay Area, actively contribute to regional economic revitalization and job creation, and emerge as a clean energy hub leading Korea’s carbon neutrality goals.”
Seung Shin, Vice President, KMC Line, said, “KMC Line is deeply honored to lay the foundation for the successful advancement of the 3.2GW Jindo Offshore Wind Project Cluster through this MOU with Pacifico Energy Korea, EEW KHPC, and CS Energy. Building on our accumulated maritime and offshore wind operational expertise, we aim to contribute to the successful development of the Jindo Cluster and the stable growth of Korea’s offshore wind industry by providing comprehensive marine logistics solutions — including CTV and SOV operations, safe and efficient marine transport, and O&M services. We look forward to working closely with Pacifico Energy Korea to ensure the successful completion of the Jindo project.”
Jun-Yong Park, Representative Director of CS Energy, said, “Regulatory reforms, deregulation, and financial support will accelerate the pace of domestic offshore wind development that has long been delayed. CS Energy will spare no effort to support the successful construction of the 3.2 GW Jindo Offshore Wind Project Cluster being developed by Pacifico Energy Korea.”
Meanwhile, Pacifico Energy Korea has focused on prioritizing the Korean offshore wind supply chain to support the development of the 3.2 GW Jindo Offshore Wind Project Cluster, and is committed to working with domestic, and in particular, Jeonnam-Gwangju regional suppliers across the offshore wind value chain, including turbines, foundations, cables, and more.