Gyeongbuk Development Corporation and Nambu Power Sign MOU for Joint Renewable Energy Development...

Gyeongbuk Development Corporation and Korea Southern Power will jointly develop a public-led renewable energy power generation project in the Gyeongbuk region.

On the 12th, Gyeongbuk Development Corporation signed a "Public-led Renewable Energy Power Generation Project Joint Development Memorandum of Understanding" for the Gyeongbuk region at its headquarters in Busan, attended by President Lee Jae-hyuk of Gyeongbuk Development Corporation and President Lee Seung-woo of Korea Southern Power.

Lee Jae-hyuk, President of Gyeongbuk Development Corporation (right in the photo), and Lee Seung-woo, President of South Power, are taking a commemorative photo after signing a business agreement.

Gyeongbuk Development Corporation is a public enterprise of Gyeongbuk Province engaged in housing construction, land development, and renewable energy projects within Gyeongbuk Province.

This agreement was promoted to contribute to the discovery of new projects and the dissemination and expansion of renewable energy through the establishment of a mutual cooperation system between Gyeongbuk Development Corporation and Korea Southern Power to revitalize public-led renewable energy projects in the Gyeongbuk region, which is rich in renewable energy resources.

Through this agreement, the two companies will cooperate in various fields such as onshore and offshore wind power generation, industrial complex and floating solar power generation, energy efficiency, renewable energy-linked energy storage (ESS, etc.) projects, and technology development and exchange. They plan to jointly develop a model that returns the benefits of renewable energy development to the local community by linking renewable energy power generation projects utilizing public resources such as wind and solar energy.

Lee Jae-hyuk, President of Gyeongbuk Development Corporation, said, "As a public-led renewable energy project, we will successfully proceed with large-scale offshore wind projects and research and development in the Gyeongbuk region together with Korea Southern Power." He added, "Through this agreement, we will not only drive the development of the local community but also leap forward as a leading public enterprise in Gyeongbuk's renewable energy projects."

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