200MW Onshore Wind Power Complex to Be Built in Jipum, Yeongdeok... Gyeongbuk Development Corporation and Yeongdeok County Sign Business Agreement

Yeongdeok County (Mayor Kim Kwangyul) and Gyeongbuk Development Corporation (President Lee Jaehyuk) signed a 'Memorandum of Understanding (MOU) for Building a Sustainable Energy Self-Sufficient City' on March 18, 2026, to lay the foundation for future growth by utilizing the region's energy resources. They agreed to actively promote collaborative projects that link renewable energy with regional development.

This agreement aims to harness Yeongdeok County's abundant energy resources, such as wind power, to secure new engines of regional growth. At the same time, it seeks to establish a win-win model in which profits from energy projects are shared with local residents.

JaeHyuk Lee, President of Gyeongbuk Development Corporation (right), and Kwangyul Kim, Mayor of Yeongdeok County, are posing for a commemorative photo after signing a business agreement.

Through the agreement, the two organizations will cooperate on four major initiatives: the construction of a public-private onshore wind power complex with a capacity of approximately 200MW in the Jipum-myeon area; expansion of public participation in private-led wind power projects; development of industrial and residential complexes linked to nuclear power plants; and the establishment of energy self-sufficient villages utilizing renewable energy sources.

In particular, they plan to introduce resident benefit-sharing models such as the 'Sunlight and Wind Pension,' which returns profits from wind and other energy projects to the local community, so that residents can directly experience the benefits. To achieve this, measures such as allocating a certain percentage of net project profits to village cooperatives or increasing resident equity participation are also under consideration. These efforts are expected to have a positive impact on increasing local incomes and revitalizing the regional economy.

Yeongdeok County will be responsible for administrative support, cooperation on permits and licenses, and establishing institutional frameworks to enhance public acceptance throughout the project implementation process. Gyeongbuk Development Corporation will oversee the promotion of wind power projects, development of industrial and residential complexes, feasibility studies, and risk management.

In addition, to ensure systematic project execution, the two organizations will establish and operate the 'Yeongdeok Energy Win-Win Task Force,' comprising relevant working-level departments from each institution. They will continue to discuss detailed implementation plans and solutions to ongoing issues.

Lee Jaehyuk, President of Gyeongbuk Development Corporation, stated, "This agreement marks an important starting point for securing new growth engines based on the region's abundant energy resources and for sharing the achievements of energy development with the residents. We will strive to establish a sustainable energy self-sufficient city model that leads to regional development and improved quality of life for local residents."

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