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.