Pacifico Energy signs Investment Declaration with MOTIE for offshore wind in South Jeolla

Pacifico Energy signs investment declaration with South Korea’s MOTIE for hundreds million USD investment for the offshore wind project (from left) Dukryul Park, Director General for Cross-border Investment Policy, MOTIE of South Korea; Seung-Jun Lee, Head of Project Development, Pacifico Energy Korea; William Nathan Franklin, CEO and Chairman, Pacifico Energy Group; Duk-geun Ahn, Minister of Trade, Industry and Energy of South Korea; Seung-Ho Choe, Representative Director, Pacifico Energy Korea; Mary Tarnowka, Strategic Advisor, Pacifico Energy Group; Tae Hyung Kim, Commissioner of Invest Korea, the National Investment Promotion Agency

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 and Seogeocha Island sign co-existence agreement to accelerate Myeong Ryang project

On March 28, Pacifico Energy Korea signed a Co-existence Agreement with the Seogeocha Island Offshore Wind Promotion Committee, which comprises residents of Seogeocha Island located in Jindo County of South Jeolla Province.

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.