Attendance at CIP 'Ulsan Floating Offshore Wind Power Strategy Report' Event

Ainer Jensen, Danish Ambassador to Korea, Attends and Promises Active Support

Expected to Play a Leading Role in the Success of the World's Largest 'Offshore Wind Power Complex and Green Hydrogen Project'

Attending the event were (left) Tae-seung Yoo, CEO of CIP/COP Korea, and Einer Jensen, Ambassador of Denmark to Korea (Photo by CIP)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] CIP (Copenhagen Infrastructure Partners), the world's largest green energy investment management company, announced on the 7th that it attended the 'Ulsan Floating Offshore Wind Power Strategy Report' event held at the Ulsan Techno Industrial Complex on the 6th and decided to strengthen cooperation with Ulsan City for the development of 1.2 to 1.5 GW-class Ulsan floating offshore wind power and green hydrogen.

The event was attended by President Moon Jae-in, Ulsan Mayor Song Cheol-ho, Song Young-gil, leader of the Democratic Party of Korea, Lee Sang-heon, chairman of the Democratic Party of Korea Ulsan City Committee, Jeon Hae-cheol, Minister of the Ministry of the Interior and Safety, Moon Seung-wook, Minister of Trade, Industry and Energy, and Kim Sa-yeol, chairman of the National Balanced Development Committee, who expressed their interest and support for the smooth implementation of the Korean New Deal and regional balanced New Deal.

Also attending were Einar Jensen, Danish Ambassador to Korea, ambassadors from four countries, global offshore wind power specialists including CIP, and domestic and foreign company officials such as Hyundai Heavy Industries, who explored ways to revitalize domestic investment attraction and foster Ulsan floating offshore wind power and green hydrogen.

Recently, Ulsan City has been promoting a plan to produce 84,000 tons of hydrogen annually by utilizing 20% of the electricity generated from a 6 GW-scale floating offshore wind power complex to be established by 2030 as part of the Ulsan-type Green New Deal project.

Since CIP began developing the project in 2018, it signed a business agreement in January 2019 with SK E&S and Ulsan City for the establishment and operation of the floating offshore wind power complex and regional economic revitalization. Since last year, it has been measuring wind resources and is currently conducting basic design and feasibility study services aiming for power generation business approval by the end of this year.

At the strategy report event, Tae-seung Yoo, CEO of CIP/COP Korea Corporation, said in a dialogue with the Ulsan mayor, “CIP is actively developing offshore wind projects in the Ulsan region with leading domestic partners. By applying CIP’s abundant experience, expertise, investment strategies, and new technologies such as energy islands and green hydrogen to domestic projects, we will serve as a driving force for the successful transition to the world’s largest ‘Ulsan Floating Offshore Wind Power Complex and Hydrogen Economy.’”

Einar Jensen, Danish Ambassador to Korea, said, “I am very pleased to witness the rapid and concrete progress of floating offshore wind power development led by Ulsan City today. Floating offshore wind power is a ‘game changer’ in the offshore wind market, and I sincerely congratulate Ulsan for establishing itself as a global leader in this transformation.”

Meanwhile, at the event venue, a precisely crafted 2-meter-high CIP floating substructure full-scale model (1:250 scale) was exhibited, attracting attention by helping attendees understand the floating offshore wind turbine, floater, and mooring equipment.

CIP is committed to localization by building cooperative relationships with local companies and academia to revitalize the regional economy, create jobs, and nurture talent, thereby focusing on experience and technology transfer during project implementation.

This content was produced with the assistance of AI translation services.