Yeonggwang County and Seohae Energy Sign Agreement on Offshore Wind Power and Local Economic Revitalization

Sharing Offshore Wind Power Technology and Experience with the Local Community
Profit Sharing and Coexistence Measures for Residents

Yeonggwang County, Jeollanam-do recently signed a memorandum of understanding (MOU) for cooperation on offshore wind power projects and regional economic revitalization with Seohae Energy Co., Ltd. at the Yeonggwang County Office small conference room. Photo by Yeonggwang County

Yeonggwang County in Jeollanam-do recently signed a memorandum of understanding (MOU) with Seohae Energy Co., Ltd., a special purpose company established for the Korean operations of EDF Power Solutions, a subsidiary of the French state-owned enterprise EDF, at the small conference room of Yeonggwang County Office. The agreement aims to cooperate on offshore wind power generation projects and the revitalization of the local economy.

Under this agreement, the two parties will actively pursue cooperative projects to strengthen the foundation of the renewable energy industry and promote mutual development in the region. Specifically, they will participate in the establishment of O&M centers, R&D centers, and specialized educational institutions to vitalize the offshore wind power industry ecosystem; devise measures to share the profits of the power generation business and promote coexistence with local residents; and support site visits to French offshore wind power projects and technical exchanges.

Yeonggwang County expects that this agreement will enable the sharing of global offshore wind power technology and experience with the local community, position the county as a hub for the offshore wind power industry, and realize a mutually beneficial model in which development profits are shared with residents.

The county also plans to promote sustainable revitalization of the local economy by creating jobs and building industrial infrastructure in connection with offshore wind power generation.

A Yeonggwang County official stated, "This agreement will serve as an important opportunity to simultaneously achieve two goals: responding to the global challenges of the climate crisis and energy transition, and revitalizing the local economy. We will continue to expand cooperation with leading domestic and international energy companies to develop Yeonggwang County into a key city for the offshore wind power industry."

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