Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Investment to accelerate South Korea’s transition to renewable energy

Wind Energy – South Korea

Vena Energy, a leading green energy solution provider in the Asia-Pacific region, has announced an investment to accelerate South Korea’s transition to renewable energy and enhance its energy independence.

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Deep Wind Offshore and KHNP enters partnership

Wind Energy – South Korea

Deep Wind Offshore has signed a partnership agreement with Korea Hydro and Nuclear Power (KHNP), the largest power producer in South Korea.

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Geoview/KLEM join forces offshore wind O&M and BOP Services

Offshore Energy – Collaboration

Geoview and KLEM have signed an MoU to collaborate on Offshore Wind Operations & Maintenance (O&M) and Balance of Plant (BOP) services.

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Taihan Cable & Solution secures framework agreement

General – Framework Agreement

Taihan Cable & Solution, a leading South Korean cable manufacturer, has signed a framework agreement with National Grid UK, securing an opportunity to participate in bids for projects worth approximately 21.3 billion pounds (40 trillion won).

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Japan, South Korea want to partner with U.S. in Alaska pipeline

General – Politics

Japan, South Korea and other countries want to partner with the United States in a gigantic natural gas pipeline in Alaska, U.S. President Donald Trump said on Tuesday, claiming they would invest trillions of dollars each.

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Balmoral Comtec enters agreement for Korea’s 750 MW FWP

Wind Energy – Korea

Balmoral Comtec, a Balmoral Group company and a leading provider of buoyancy, protection and insulation services to the global offshore energy market, has signed a memorandum of understanding (MoU) for cooperation in the floating offshore wind power sector with LS Cable & System, one of the biggest cable manufacturers worldwide, and LS Marine Solution, Korea’s leading marine solution provider to collaborate in the floating offshore wind sector.

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Taean Wind Power secures fixed-price offtake contract

Wind Energy – South Korea

Copenhagen Offshore Partners announced the successful award of an offtake contract for Taean Wind Power in the 2024 Wind Power Fixed-Price Contract Auction, arranged by the Korea Energy Agency (KEA). 

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Tidal Transit and Britoil Offshore Services expand into South Korea

Wind Energy – South Korea

Tidal Transit, UK-headquartered supplier of purpose-design crew transfer vessels (CTVs), has signed a Memorandum of Understanding (MoU) with Britoil Offshore Services (Singapore) and Sky Offshore (South Korea) to develop, fund, build and operate offshore support vessels for the South Korean offshore wind industry.

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Fixed-price contract for offshore wind development in Korea

Wind Energy – South Korea

Copenhagen Infrastructure Partners (CIP) and Vena Energy have announced that their joint offshore wind project, Taean Wind Power, has secured an offtake contract in the 2024 Wind Power Fixed-Price Contract Auction organised by the Korea Energy Agency (KEA).

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