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Total and Green Investment Group set to produce capacity that is 2.3GW Korea

By on April 2, 2021

Total and Green Investment Group set to produce capacity that is 2.3GW Korea

1 September 2020 by Andrew McCorkell

GIG and Total agree deal to build up a profile of drifting overseas wind in Korea with a preliminary arrange for five tasks

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A deal signed by the Macquarie-owned Green Investment Group (GIG) and oil that is french gas giant complete has committed both businesses to five projects — three in Ulsan totalling 1.5GW and two in South Jeolla Province for 800MW.


Development work will start up in autumn of 2020 permits that are once regulatory guaranteed.

The contract comes included in the Korean government’s New contract plan and a target of 12GW of offshore wind by 2030.

Mark Dooley, international mind of Macquarie’s GIG stated: ” Many Many Thanks in big component into the country’s world-class shipbuilding and marine plant infrastructure, GIG and Total see significant possibilities for drifting offshore wind in Korea.”

CIG has launched a wind information collection campaign, while construction regarding the very very first 500MW period regarding the Ulsan task should begin ahead of the end of 2023.

As in investor and designer of green infrastructure, GIG has supported 16 wind that is offshore representing very nearly 5.5GW of capability in construction and operations.

In addition it features a international development pipeline greater than 25GW, including 4.5GW of offshore wind development capability across Asia.

The company has also been type in the growth of Taiwan’s Formosa 1 and it is heavily taking part in delivering the Formosa 2 and 3 tasks.

GIG recently signed a memorandum of understanding with Ulsan City ,18 organisations including manufacturers that are local and Unison, Korea East-West energy, Kepco-ENC, in addition to R&D organisations such as for instance Ulsan Techno Park and Ulsan University.

The MoU commits to advertising floating overseas wind in Ulsan, the introduction of neighborhood technology and brand brand brand new jobs.

Complete is active in Southern Korea for over three decades and from now on has 5GW of functional renewable power capacity around the world.

Julien Pouget, senior vice-president for renewables at Total, stated: “South Korea advantages from a distinctive group of competencies and assets to be one of many leading players within the floating overseas wind sector.”

The coal and oil major has targeted the purchase of 25GW of renewable generation capability by 2025.

In 2019, Macquaries’ Green Investment Group (GIG) revealed a 1.4GW Korean overseas project and deployed a floating lidar during the web web site final summer.

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