Wind Energy – South Korea
OEG signed a Memorandum of Understanding (MoU) between OEG Renewables and COENS concerning the provision of pre-construction, construction, installation, and operations and maintenance (O&M) services to offshore wind projects in South Korea.
The partnership combines OEG’s experience in delivering offshore energy solutions and COENS’ extensive in-country capabilities and resources to target the South Korean offshore wind market which is experiencing positive market drivers and significant growth potential.
The Jeonnam 1 offshore wind project represents the country’s first commercial-scale offshore wind farm and is currently under construction, with the project expected to be completed in early 2025. South Korea is rapidly expanding its offshore wind capacity, with a goal of 14GW installed by 2030.
