en.Wedoany.com Reported - Pacifico Energy Korea has signed a memorandum of understanding (MOU) with Hana Bank and Hana Securities to provide financial solutions for the 3.2-gigawatt Jindo offshore wind power cluster.
Pacifico stated that the MOU marks a significant milestone, representing the first strategic partnership between a major South Korean financial institution and a U.S. offshore wind developer to jointly advance financial cooperation for large-scale offshore wind projects. The signing ceremony took place on the morning of June 12 at Hana Securities in Yeouido, Seoul, attended by senior executives from the three parties, including Seung-Ho Choe, Representative Director of Pacifico Energy Korea; Byung-sik Lee, Vice President and Head of the IB Group at Hana Bank; and Yung-Kyoon Jung, Vice President and Head of the Investment Banking Group at Hana Securities.
Under the MOU, the three parties will jointly develop financial solutions and financing strategies for all phases of the 3.2-gigawatt Jindo offshore wind power project cluster, including development, construction, and operation. They will collaborate in financial areas such as project financing, financial advisory, and investment attraction.
Seung-Ho Choe, Representative Director of Pacifico Energy Korea, stated that the successful development of a gigawatt-scale offshore wind project requires strong and specialized financial partnerships, which are as important as a competitive supply chain. He noted that this collaboration, the first of its kind, brings together South Korean financial institutions and a U.S. offshore wind developer, laying the foundation for the growth of South Korea's offshore wind industry. Byung-sik Lee, Vice President of Hana Bank, described the MOU as a model of productive finance, demonstrating how the financial sector can make substantive contributions to national priorities such as energy transition and carbon neutrality. He added that Hana Bank is committed to fulfilling its role in advancing productive finance across all stages of project development, construction, and operation, and to supporting the successful completion of the cluster.
The cluster consists of three projects: Myeong Ryang Offshore Wind (420 megawatts), Manho Offshore Wind (990 megawatts), and Jindo Baram Offshore Wind (1.8 gigawatts).
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