Pacifico Energy Vietnam (“PEV”), the Vietnam-based development platform of Pacifico Energy Group (“PEG”), a leading global energy infrastructure developer, today announced the commencement of commercial operations at its 30 MW Sunpro Wind Farm (“Sunpro”), adding new power capacity to Vietnam’s national grid, supporting the country’s transition to clean energy. Located in Thới Thuận Commune, Vĩnh Long Province in the Mekong Delta, Sunpro achieved commercial operations on December 19, 2025. PEG owns 100% of Sunpro, which is backed by a 20-year feed-in tariff with Vietnam Electricity Group (“EVN”), providing stable, long-term revenue.

Pacifico Energy Korea has secured approval for an Electricity Business License (EBL) from the Ministry of Trade, Industry and Energy (MOTIE) for its 420MW Myeong Ryang Offshore Wind Project located off the coast of Jindo County, South Jeolla Province. The EBL confirms the project’s site boundaries and capacity, allowing Pacifico Energy Korea to commence the key permitting process. This milestone is also expected to accelerate Pacifico Energy Korea’s development of the 3.2GW Jindo offshore wind project cluster.

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 equipment supplier located in the Daebul Industrial Complex in Yeongam-gun, Jeollanam-do. Based on this agreement, Pacifico Energy Korea, together with Jeollanam-do, Jindo-gun, Yeongam-gun, and Yuil, plans to seek practical cooperation measures for administrative support regarding its 3.2GW offshore wind farm cluster project currently under development in Jindo-gun, Jeollanam-do, and for establishing an offshore wind industry ecosystem in Jeollanam-do.

Pacifico Energy Korea showcased Korea’s offshore wind potential and emerging opportunities for Korea-U.S. collaboration at the “Evolving Energy Forum: Opportunities in the Korea-U.S. Partnership,” hosted by the American Chamber of Commerce in Korea (AMCHAM), in collaboration with Korea’s Ministry of Trade, Industry and Energy (MOTIE), the U.S. Department of Energy, the State of Alaska, and the AMCHAM Energy Committee.

Pacifico Energy Korea has been appointed as an Executive Board member of the Jeonnam Wind Power Association at the Association’s 2025 General Meeting convened in Muan, Jeonnam Province, on March 19. With this landmark appointment, Pacifico Energy Korea becomes not only the sole foreign member of the Executive Board, but also the first U.S.-based offshore wind developer on the Executive Board.

Pacifico Energy Korea (PEK) joined forces with local communities to accelerate the development of its Myeong Ryang Offshore Wind Project in Jindo County, South Jeolla Province.

Pacifico Energy signed an investment declaration (“Investment Declaration”) worth several hundred billion Korean Won during an “Investment Declaration Ceremony” held by South Korea’s Ministry of Trade, Industry and Energy (MOTIE) in Washington, D.C. This investment will be fully allocated to the 420 MW Myeong Ryang Offshore Wind Project, which Pacifico Energy Korea is developing in Jindo County in South Jeolla Province, and to the development of the domestic offshore wind supply chain in South Jeolla Province.

Pacifico Energy Korea signed a memorandum of understanding (MOU) with HSG Sungdong Shipbuilding (HSG Sungdong), one of Korea’s leading offshore wind foundation suppliers, to develop and supply foundations for Pacifico Energy Korea’s 3.2 GW offshore wind project cluster.

Pacifico Energy Korea has signed a Co-Existence Agreement to accelerate the development of the company’s Myeong Ryang Offshore Wind Project with the Seogeocha Island Offshore Wind Promotion Committee, which comprises of residents of Seogeocha Island located in Jindo County, South Jeolla Province. With this agreement, Pacifico Energy Korea achieved a significant milestone towards the development of its 420 MW Myeong Ryang Offshore Wind Project.