Vena Energy has signed Joint Development Agreement with Korea Midland Power (KOMIPO) to develop a 384 MW offshore wind project in South Korea. Under the terms of the agreement, the companies will jointly develop, operate, and maintain the project planned to be built off the western coast of Yokji Island, under the jurisdiction of Tonyeong City.
In South Korea, KOMIPO is already taking part to the development of a 100 MW offshore wind project at Hallim on Jeju Island and plans to build an 800 MW offshore wind project off Incheon in partnership with Orsted and Korea Southern Power (KOSPO). Meanwhile, Vena Energy plans to develop an offshore wind project in Aomori South (Japan), in partnership with Shikoku Electric and Toho Gas.
South Korea targets a 20% share of renewable energies in the power mix by 2030, including 12 GW of offshore wind capacities.
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