en.Wedoany.com Reported - Pacifico Energy Korea will collaborate with Hana Bank and Hana Securities to study financing plans and funding pathways for the Jindo Offshore Wind Cluster in South Korea. This South Korean offshore wind project has a planned total capacity of 3.2 GW and is located off the coast of Jindo County, South Jeolla Province. Subsequent efforts will focus on financial arrangements for the development, construction, and operation phases.

The Jindo Offshore Wind Cluster consists of three projects: the 420 MW Myeong Ryang project, the 990 MW Manho project, and the 1.8 GW Jindo Baram project. The parties have signed a memorandum of understanding to evaluate options such as project financing, financial advisory, and investment attraction, while attempting to establish a financing framework suitable for large-scale South Korean offshore wind projects.

Currently, the first phase of the Myeong Ryang project has obtained an electricity business license from the South Korean government and has entered the active development stage. The electricity business license applications for the Manho Offshore and Jindo Baram projects have been submitted and are under review. As the 3.2 GW Jindo Offshore Wind Cluster advances its financing preparations, this South Korean offshore wind project will continue to drive demand for offshore wind turbines, foundation structures, submarine cables, offshore construction, and operation and maintenance services.

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