Yeonggwang County to Share Nakwol Offshore Wind Power Profits with Residents

Yeonggwang County and Nakwol Blueheart Sign Business Agreement
Pledge Cooperation for Sustainable Wind Income

On the 12th, Yeonggwang County in Jeollanam-do signed a business agreement with Nakwol Blueheart Co., Ltd. at the Yeonggwang County Office small conference room to establish sustainable wind income together with the local residents. Provided by Yeonggwang County

On March 12, Yeonggwang County in Jeollanam-do signed a business agreement with Nakwol Blueheart Co., Ltd., the company currently promoting the Yeonggwang Nakwol Offshore Wind Power Project, in the small conference room of the Yeonggwang County Office. The agreement aims to ensure sustainable wind income together with local residents.

Under this agreement, Yeonggwang County will identify and nurture cooperatives that can be designated as county resident associations.

Nakwol Blueheart Co., Ltd. plans to cooperate so that residents can participate in the Yeonggwang Nakwol Offshore Wind Power Project and benefit from wind income by: issuing bonds equivalent to at least 4% of the total project cost to provide opportunities for resident participation; supporting the procurement of funds for bond purchases, including arranging financial institutions and providing payment guarantees and other loan procurement assistance; and subsidizing loan interest costs for bond purchases.

Yeonggwang County expects this agreement to serve as a practical foundation for mutual growth, enabling more residents to participate in renewable energy projects and share in the benefits regardless of their economic circumstances.

A representative of Yeonggwang County stated, "Nakwol Blueheart has made a significant decision at this crucial time to share the results of years of preparation and effort for the successful establishment of the offshore wind power complex with the residents. We will do our best to ensure that this agreement becomes a historic starting point where all residents join as true owners of energy."

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