Pacifico Energy Korea signs agreement to promote Jeollanamdo Province’s offshore wind industry and revitalize the Daebul Industrial Complex
Pacifico Energy Korea has jointly signed a “Cooperation Agreement for the Development of the Offshore Wind Industry and Revitalization of the Daebul Industrial Complex” with three local governments — Jeollanam-do, Jindo-gun, and Yeongam-gun — and Yuil Co., Ltd., an offshore wind supplier located in the Daebul Industrial Complex in Yeongam-gun, Jeollanam-do. Based on this agreement, Pacifico Energy Korea, along with Jeollanam-do, Jindo-gun, Yeongam-gun, and Yuil, will pursue practical cooperation measures for administrative support for its 3.2GW Offshore Wind Project Cluster currently under development in Jindo-gun, and the establishment of an offshore wind industry ecosystem in the region.
The signing ceremony took place on June 18 at the Expo Hall of Yeosu Expo Convention Center as part of the “2025 Jeollanam-do Offshore Wind Industry Expo” hosted by Jeollanam-do and the Jeonnam Wind Power Association. Attendees included Young-rok Kim, Governor of Jeollanam-do; Seon Joo Kim, Deputy Mayor of Jindo-gun; Seung Hee Woo, Governor of Yeongam-gun; Seung-Ho Choe, Representative Director of Pacifico Energy Korea; In Suk Yu, President and CEO of Yuil; and other mayors and governors from cities and counties in Jeollanam-do who are leading the growth of the offshore wind industry and the province’s energy future, along with executives from 18 offshore wind developers and representatives from over 30 suppliers. The agreement was also highlighted as a best practice case of cooperation among local governments, offshore wind developers, and suppliers to accelerate Jeollanam-do’s offshore wind industry and the revitalization of the regional economy, including the Daebul Industrial Complex.
Under this agreement, Pacifico Energy Korea will establish a supply chain for key components such as turbines, substructures, and blades, secure marshaling port sites and installation vessels, and lead the clustering of related industries as well as the establishment of an offshore wind operation and maintenance (O&M) center. Through these efforts, the company will actively cooperate to elevate the international competitiveness of Jeollanam-do’s offshore wind industry.
In addition, Jeollanam-do, Jindo-gun, and Yeongam-gun will provide administrative support related to permits, power grid connections, and more to ensure the smooth implementation of Pacifico Energy Korea’s 3.2GW Offshore Wind Project Cluster. They also plan to devote their best efforts to fostering the offshore wind industry ecosystem through the development of rear ports and support for key equipment manufacturers.
Seung-Ho Choe, Representative Director of Pacifico Energy Korea, stated, “Pacifico Energy Korea is focusing on identifying and expanding partnerships with local offshore wind suppliers to drive the development of the 3.2GW Jindo Offshore Wind Project Cluster and promote Jeollanam-do’s offshore wind industry. The 3.2GW Jindo Offshore Wind Cluster will significantly contribute to making Jeollanam-do the hub of the Asia-Pacific offshore wind industry. Starting with this agreement with Yuil, Pacifico Energy Korea will build step-by-step partnerships with local suppliers in Jeollanam-do and continue supporting the elevation of the province’s offshore wind industry status in the Asia-Pacific market.”
Meanwhile, Pacifico Energy Korea’s 3.2GW Jindo Offshore Wind Cluster is the largest offshore wind farm cluster in a single area being pursued by a single developer in the Asia-Pacific region. It consists of three offshore wind projects: Myeong Ryang Offshore Wind (420MW), Manho Offshore Wind (990MW), and Jindo Baram Offshore Wind (1.8GW). Myeong Ryang Offshore Wind, as the first phase of the overall Jindo Offshore Wind Cluster, is currently undergoing the Electricity Business License review process, while Manho Offshore Wind, the second phase, and Jindo Baram Offshore Wind, the third phase, have completed wind measurements and are currently preparing for the Electricity Business License process.