Hanyang Signs Renewable Energy Agreement with CIP, the World's Largest Green Energy Investment Manager

Hanyang will jointly develop renewable energy projects in Jeonnam Province, including wind and solar power, with Copenhagen Infrastructure Partners (CIP), the world's largest green energy development and investment management company.

Thomas Wiebe Poulsen, Head of CIP (left), and Kim Hyung-il, CEO of Hanyang, are posing for a commemorative photo after signing a joint development agreement to promote renewable energy in the Jeonnam region at the CIP Seoul office in Jongno-gu, Seoul, on the 6th. / Photo by Hanyang

On the 6th, Hanyang announced that it signed a joint development agreement (MOU) with CIP at CIP's Seoul office in Jongno-gu, Seoul, to promote renewable energy in Jeonnam Province. The signing ceremony was attended by Hanyang CEO (Vice Chairman) Kim Hyung-il, Renewable Energy Solutions Headquarters Head (Vice President) Park Hee-jang, Executive Director Park Ki-young, as well as CIP's Asia-Pacific Head Thomas Wiebe Poulsen and Managing Director Jonas Vogelland.

Hanyang evaluated that this agreement laid the foundation for diversifying its renewable energy business. Currently, Hanyang is promoting the 'Solar City Renewable Energy Hub Terminal.' They have also signed a business agreement with the Ministry of Trade, Industry and Energy, Jeonnam Province, and private companies to stably supply renewable energy produced there to RE100-compliant companies, including the Solar City data center. Solar City is a large-scale public-private cooperative urban development project underway on approximately 20.9 million square meters in Haenam-gun, Jeonnam Province.

A Hanyang official said, "This agreement will accelerate the construction of renewable energy power infrastructure in Jeonnam Province by sharing know-how on the construction and operation of renewable energy power plants between the two companies," adding, "We will strengthen business competitiveness through active information exchange and technical cooperation with CIP."

CIP, established in Denmark in 2012, is currently conducting wind power projects totaling about 50GW in 14 countries including South Korea, and manages assets worth 28 billion euros.

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