SEOUL, Dec. 3 (Korea Bizwire) — South Korea aims to triple its onshore wind power capacity to 6 gigawatts (GW) by 2030 while lowering generation costs as part of efforts to expand the use of eco-friendly energy and achieve carbon neutrality, the climate ministry said Wednesday. The goal was announced at the inaugural meeting of [...]
SEOUL, March 20 (Korea Bizwire) — The government will provide incentives to public entities entering the offshore wind power market as part of efforts to promote the growth of the renewable energy industry, the industry ministry said Thursday. Public institutions and companies that make a bid for the government’s offshore wind power development project will [...]
SINAN, Jan. 7 (Korea Bizwire) — A county in South Korea’s South Jeolla Province is breaking new ground with the nation’s first offshore wind power fund designed specifically for local residents. Sinan County announced on January 6 that it had signed a memorandum of understanding with Sinan Ui Offshore Wind and Root Energy to establish a [...]
SEOUL, Jan. 30 (Korea Bizwire) — The South Korean government has disapproved an offshore wind project pushed by a sub-subsidiary of global investment firm BlackRock Inc., citing a lack of data to prove its financial ability and power system issues in the region, officials said Tuesday. Kredo Holdings Ltd. is working to build five wind [...]
International green energy company Ignitis Renewables and Copenhagen Infrastructure Partners (CIP) through its Growth Markets Fund II are the winners of the auction-based competitive tender for development of an offshore wind farm in the Liivi 2 sea area in Estonia, having placed the highest bid in the amount of EUR 1.7 million. COPENHAGEN, Denmark, Dec. [...]
1.3 GW project will deliver billions in economic benefits, create thousands of jobs, and provide clean and affordable energy for more than 700,000 homes NEW YORK, Oct. 24 (Korea Bizwire) — Copenhagen Infrastructure Partners, through its development platform Vineyard Offshore, was today awarded 1.3 gigawatts (GWs) in the latest solicitation for offshore wind power held [...]
COPENHAGEN, Denmark, Oct. 16, 2023 (Korea Bizwire) – Copenhagen Infrastructure Partners has reached final close for its two new funds, CI Advanced Bioenergy Fund I (CI ABF I) and CI Green Credit Fund I (CI GCF I) with total LP commitments of EUR ~2bn. 2023 has been a record year for CIP, as in addition [...]
SEOUL, June 27 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an agreement with a Danish investment company to work together on the development of offshore wind power and cooperate in other green businesses. The memorandum of agreement was signed with Copenhagen Infrastructure Partners (CIP) on Monday, under which they will work [...]
SEOUL, June 20 (Korea Bizwire) — The government plans to utilize information on the core habitats of seabirds when selecting locations for constructing offshore wind power plants. According to a study conducted by the Korea Environment Institute and the National Institute of Ecology, the core habitat for black-tailed gulls covers an area of 15,981 square [...]
SEOUL, June 26 (Korea Bizwire) — Doosan Enerbility Co., a heavy industry affiliate of South Korea’s Doosan Group, said Sunday it has signed an initial pact with a German company for cooperation in the offshore wind power business. Doosan Enerbility, formerly known as Doosan Heavy Industries & Construction Co., signed a memorandum of understanding with [...]