“Co-prosperity with residents should be the top priority  in development of offshore wind farms” Maenggoldo Offshore Wind Power Co., Ltd., holds a workshop with residents of Maenggoldo and East- and West-Geocha Islands   •        Maenggoldo Offshore Wind Power Co., Ltd. hosted the ‘2024 Maenggoldo Offshore Wind Workshop’ for residents of Maenggoldo and East- and West-Geocha Islands in South Jeolla Province for two days. •        The workshop is designed to enhance residents’ understanding of offshore wind by sharing the progress and plans of the Maenggoldo offshore wind project, as well as offering expert presentations on permitting procedures, profit-sharing programs, and damage compensation methodologies for the fishermen affected by offshore wind development. •        The Q&A session was held, taking questions from residents about the project … “By listening to residents’ opinions, we will pursue a way to ensure co-prosperity with the local community.”   [December 4, 2024] Maenggoldo Offshore Wind Power Co., Ltd., which is promoting an offshore wind project in Maenggoldo, Jindo County, South Jeolla Province, provided a venue for communicating with residents.   Maenggoldo Offshore Wind Power Co., Ltd. announced on the 4th that it hosted the ‘2024 Maenggoldo Offshore Wind Workshop’ for residents of Maenggoldo Island and East- and West-Geocha Islands at Hotel Hyundai by Lahan Mokpo for two days from December 2 to 3.   Maenggoldo Offshore Wind Power Co., Ltd. is one of the offshore wind projects in South Jeolla Province promoted by BadaEnergy, a portfolio of offshore wind projects in South Korea jointly developed by Corio Generation, TotalEnergies and SK ecoplant. It is developing a 600MW offshore wind project in waters southwest of Maenggol Island in Jindo County, South Jeolla Province, and has embarked on full-scale project development procedures, including securing the Electricity Business License (EBL) in late November 2023 and the submission of an evaluation preparation for the Environmental Impact Assessment (EIA).   The workshop was organized to inform the villagers about the progress and plans of the Maenggoldo offshore wind project in the region, and to help the residents gain a clearer understanding of the offshore wind business. The event was attended by more than 120 villagers of Maenggoldo, East- and West-Geocha Islands, as well as key stakeholders of the project including Jindo County Council Chairman Park Geum-rye and Rep. Ju Man-jong of Jindo County Council as guests from the local governments.   Chairman Park Geum-rye also gave a congratulatory speech in which she said, “Climate change is already under way, and it is an unavoidable matter for Jindo County, so now the county residents also need to learn about wind power. Offshore wind power development is helpful in responding to the climate crisis, but it also has a direct impact on the livelihoods of residents. Since the developer and the three villagers’ committees have worked hard to prepare this workshop, I hope that the county residents will have time to sufficiently resolve their questions about offshore wind so that they can judge what would benefit us or harm us.”   The first day of the workshop, which began with an opening speech by Choi Woo-jin, Representative Director of Maenggoldo Offshore Wind Power Co., Ltd., and congratulatory messages from the guests included expert presentations on topics ranging from overall permitting procedures to profit-sharing programs and damage compensation methodologies for the fishermen affected by offshore wind development. This was followed by a Q&A session with residents and a traditional folk performance.   In his opening remarks, Choi Woo-jin, Representative Director of Maenggoldo Offshore Wind Power Co., Ltd. said: “What matters in an offshore wind project is co-prosperity with key stakeholders closely related to it, such as residents and fishermen, since it is a long-term project that lasts more than 30 years in a single region. Through this workshop, we aim to listen to residents’ opinions, have conversations, and once again, help them understand our Maenggoldo offshore wind project. We also hope this will be a valuable time to seek ways to cooperate, building trust with the local community and fostering co-prosperity with the residents.”   The first session consisted of presentations given by experts in the offshore wind sector, including Maenggoldo Offshore Wind Power Co., Ltd. As the first speaker, Park Sung-wook, Director at Energy Department 1 of DOHWA Engineering, explained legal procedures, regulatory requirements, and preparation process for each stage of offshore wind development, under the theme of ‘Understanding Offshore Wind Business and Permitting Procedures.’ Following this, Chun Jin-hyung, Development Director of Maenggoldo Offshore Wind Power Co., Ltd., provided a detailed overview on the ‘Current Status and Plans of Maenggoldo Offshore Wind Project’ to enhance understanding of the project. Lee Byung-hoon, PM of Business Team at RootEnergy, shared positive impacts of community participation programs in Korea and introduced a model for co-prosperity between offshore wind and the local community through his presentation titled ‘Offshore Wind Acceptance and Profit-Sharing Programs.’ Also, presentations on ‘Offshore Wind Compensation Cases for Fisheries and the Operation of Exemplary Consultative Body’ by Kim Myeong-il, a member of the Yeonggwang Offshore Wind Fisheries Compensation Committee, and ‘Offshore Wind Compensation Procedures for Fisheries’ by Kim Ki-dae, CEO of Daehwa Appraisal Co., Ltd., were delivered to discuss ways for achieving co-existence and constant communication between offshore wind farms and the fishing industry.   At the Q&A session held after the presentations, residents had the opportunity to address their questions about the Maenggoldo offshore wind project on the spot while the project developer listened to their opinions and emphasized once again that co-prosperity with the local community should be the top priority in the project.   Afterwards, the residents enjoyed a performance of Jindo drum dance presented by Kang Eun-yeong, a master of Jindo Intangible Cultural Heritage. The event ended successfully the following day with a closing ceremony.   The host of the workshop, Maenggoldo Offshore Wind Power Co., Ltd., said: “We appreciate the residents who showed great attention in our project and participated in this workshop. It was a very meaningful time to reflect on the importance of communication in the process of sharing opinions and finding ways to improve. We will work to ensure that the Maenggoldo offshore wind project harmonizes and co-prospers with residents by incorporating the conversations and opinions shared during the workshop.”    Photo 1) Maenggoldo Offshore Wind Power Co., Ltd. hosted the ‘2024 Maenggoldo Offshore Wind Workshop’ for residents of Maenggoldo and East- and West-Geocha Islands at Hotel Hyundai by Lahan Mokpo for two days from December 2 to 3. (From left, Han Hyun-jae, chair of the West-Geochado Offshore Wind Promotion Committee, Choi Woo-jin, Representative Director of Maenggoldo Offshore Wind Power Co., Ltd., Jindo County Council Chairman Park Geum-rye, Lim Cheon-dong, the chair of the Maenggoldo Villagers Committee, Rep. Ju Man-jong of Jindo County Council, Jo Kwang-won, the chairpersons of East Geochado Villagers Committee, Chun Jin-hyung, Development Director of Maenggoldo Offshore Wind Power Co., Ltd.)  Photo 2) Maenggoldo Offshore Wind Power Co., Ltd. hosted the ‘2024 Maenggoldo Offshore Wind Workshop’ for residents of Maenggoldo and East- and West-Geocha Islands at Hotel Hyundai by Lahan Mokpo for two days from December 2 to 3.  Photo 3) Maenggoldo Offshore Wind Power Co., Ltd. hosted the ‘2024 Maenggoldo Offshore Wind Workshop’ for residents of Maenggoldo and East- and West-Geocha Islands at Hotel Hyundai by Lahan Mokpo for two days from December 2 to 3. 

 ‘Sharing warmth through communication with residents’ Geomundo Offshore Wind Power Co., Ltd. donates rice and books to the Geomundo community in South Jeolla Province   •        Geomundo Offshore Wind Power Co., Ltd., in collaboration with Geomundo Villagers Committee, donated 105 bags of rice to residents of Geomundo in Yeosu, South Jeolla Province. •        donated 230 culture books to Geomun Middle School and Geomun Library for youths in the region. •        Geomundo Offshore Wind Power Co., Ltd.: “We will engage in sharing through communication with the local community and continue various efforts for co-prosperity with the region.”   [November 18, 2024] Geomundo Offshore Wind Power Co., Ltd., which is promoting an offshore wind project in Geomundo, Yeosu, South Jeolla Province, conducted co-prosperity activities through communicating and sharing warmth with local villagers.   Geomundo Offshore Wind Power Co., Ltd. announced on November 18 that it held the ‘Geomundo Warmth-Sharing Event’ on November 15, delivering 105 bags of rice (10 kilograms/bag) to residents in collaboration with the Geomundo Villagers Committee and donating 230 culture books for youths to Geomun Middle School and Geomun Library.   Geomundo Offshore Wind Power Co., Ltd. is a whole owned subsidiary of BadaEnergy, a portfolio of offshore wind projects in South Korea jointly developed by Corio Generation, TotalEnergies, and SK ecoplant, to develop a 500MW offshore wind farm off the west coast of Geomundo in South Jeolla Province.   On this day, executives and employees of Geomundo Offshore Wind Power Co., Ltd., visited Geomundo Island to hold a delivery ceremony and handed over 105 bags of rice to the Samsan-myeon Office for the island’s second-lowest income residents. They also donated a total of 230 culture books—150 books to Geomun Middle School and 80 books to Geomun Library—to improve the reading environment of local youth and contribute to their knowledge cultivation.   Geomundo Offshore Wind Power Co., Ltd. has strived to provide support by sharing for local villagers and improve the welfare and environment of the local community, such as donating 11 units of drones, an inflatable swimming pool, and children's books to Yeosu Geomun Elementary School in 2021.   “It was meaningful for us to reach out to residents and share warmth with them through donations ahead of the end of the year. We hope that donated books will enrich the minds and souls of the island’s youth, providing wisdom and useful knowledge for life. We will continue to communicate and share warmth with residents, while consistently seeking diverse ways to co-prosper with the local community,” said Geomundo Offshore Wind Power Co., Ltd.   Meanwhile, Geomundo Offshore Wind Power Co., Ltd. is making various efforts to improve energy efficiency and promote energy welfare for local villagers, including the recent completion of the Energy Service Company (ESCO) project to support high-efficiency energy solutions for Geomundo residents, as well as donation activities to contribute to the local community of the island.     Photo 1) Geomundo Offshore Wind Power Co., Ltd., in collaboration with Geomundo Villagers Committee, delivered 105 bags of rice and donated 230 books to Geomun Middle School and Geomun Library, at the ‘Geomundo Warmth-Sharing Event’ on November 15.   Photo 2) Geomundo Offshore Wind Power Co., Ltd., in collaboration with Geomundo Villagers Committee, delivered 105 bags of rice and donated 230 books to Geomun Middle School and Geomun Library, at the ‘Geomundo Warmth-Sharing Event’ on November 15. 

 ‘BadaEnergy and UNIST hold a scholarship award ceremony’ BadaEnergy grants scholarships and runs practical programs to nurture local talent in offshore wind   •        BadaEnergy awarded scholarships to five students at UNIST Graduate School of Technology and Innovation Management for the fall 2024 semester. •        Besides scholarships, BadaEnergy runs an ‘Offshore Wind Power Technologies and Management’ course to help students build practical expertise by inviting field experts from domestic and international companies as guest lecturers to provide authentic knowledge and practical experiences. •        BadaEnergy has contributed to discovering and fostering local talent in the offshore wind field for four years, since the signing of an MOU for industry-academia cooperation with UNIST in 2021.   [2024. 11. 04] BadaEnergy, a portfolio of offshore wind projects in South Korea jointly developed by Corio Generation, TotalEnergies and SK ecoplant, announced on November 4 that it has awarded scholarships for the fall semester of 2024 to five students at the Ulsan National Institute of Science and Technology (UNIST) Graduate School of Technology and Innovation Management with an aim to discover and foster local talent in the offshore wind field.   BadaEnergy began awarding scholarships to selected students as part of the memorandum of understanding (MOU) for industry-academic cooperation, signed with Ulsan Metropolitan City and UNIST in January 2021. Since then, BadaEnergy has continued its efforts to nurture local talent in offshore wind by operating internship programs and practice-oriented courses in addition to awarding scholarships.   The awarded students will have networking opportunities in related fields through participating in BadaEnergy’s various environmental, social, and governance (ESG) and corporate social responsibility (CSR) activities. They will also receive preferential treatment for internships and employment at BadaEnergy.   This fall semester, BadaEnergy has been running the ‘Offshore Wind Power Technologies and Management’ course, focusing on nurturing talent equipped with both expertise and practical experience. Through this lecture, BadaEnergy employees are delivering practical experience and know-how in all stages of offshore wind development, which includes various topics related to domestic and international offshore wind project development, construction, technologies, market practice and project management methods.   In addition, BadaEnergy is offering a practical lecture on offshore wind by inviting guest lecturers who are field experts from domestic and international companies, such as HD Hyundai Heavy Industries, Korean Register (KR), and TotalEnergies Professeurs Associés, on the themes of ▲Core technology for floating offshore wind foundation model, ▲Certification of wind turbine and wind farm, and ▲Offshore Wind Project management.   “We hope that the seeds planted through the industry-academic cooperation between UNIST and BadaEnergy will yield fruitful results, cultivating excellent local talents to lead the offshore wind industry that promotes industrial and economic growth in the region,” said BadaEnergy Gray Whale Project Ulsan Office Lead Yang Gwon-yeol.   Choi Young-rok, Dean of UNIST Graduate School of Technology and Innovation Management, said: “It is encouraging that the industry-academic cooperation program, which has continued for four years, is developed and becoming more active every year. We deeply appreciate BadaEnergy for providing students with not only scholarships but also quality and practical lecture on offshore wind that is practically beneficial and will actively support students to help them gain broader insights and capabilities in offshore wind.”   Meanwhile, BadaEnergy is currently developing floating offshore wind projects with a total capacity of 1.5GW (project name: Gray Whale 1,2,3) off Ulsan coast and is consistently carrying out ESG activities, including carbon neutrality education campaign ‘Together with Ocean’ for elementary school students, as well as the industry-academic cooperation program with UNIST, to nurture future local talent in Ulsan.     Photo 1) BadaEnergy, on November 1, awarded scholarships to five students majoring in new and renewable energy technology and innovation management at the UNIST Graduate School of Technology and Innovation Management, with Dean of UNIST Graduate School Choi Young-rok (second from left) and BadaEnergy Gray Whale Project Ulsan Office Lead Yang Gwon-yeol (third from left) in attendance.   Photo 2) BadaEnergy, on November 1, awarded scholarships to five students majoring in new and renewable energy technology and innovation management at the UNIST Graduate School of Technology and Innovation Management.

 BadaEnergy strengthens cooperation forthe welfare of residents in Buk-gu, Ulsan   •        BadaEnergy makes donations with 400 commemorative towels for the ‘12th Social Welfare and Voluntary Service Fair,’ held in Buk-gu, Ulsan. •        BadaEnergy seeks cooperative measures to contribute to the local community through a tea meeting with Buk-gu Mayor Park Cheon-dong at the Buk-gu Office on the 15th. •        BadaEnergy: “We are keen on supporting a wide range of activities that can revitalize the local community.”   [October 16, 2024] BadaEnergy, a portfolio of offshore wind projects in South Korea jointly developed by Corio Generation, TotalEnergies, and SK ecoplant, is carrying out various social contribution activities to coexist with residents as a member of the local community.   BadaEnergy, which is developing the 1.5GW Gray Whale floating offshore wind projects (project name: Gray Whale 1,2,3) in the waters off Ulsan, donated commemorative items to the Ulsan Buk-gu Office for the successful completion of the ‘12th Social Welfare and Voluntary Service Fair,’ held in Buk-gu, Ulsan on September 28th.   The fair, sponsored by the Ulsan Buk-gu Office and co-hosted by the Buk-gu Regional Social Security Consultative Body and the Buk-gu Volunteer Center, is an annual local festival aimed at sharing information on social welfare services with residents and raising awareness of the importance of sharing and volunteering within local community.   On Tuesday, BadaEnergy’s Gray Whale Project Ulsan Office Lead Yang Gwon-yeol met with Buk-gu Mayor Park Cheon-dong and exchanged a wide range of ideas on cooperative efforts to contribute to the local community, including residents near the wind farms. At the meeting, the two sides formed a consensus on the fact that the offshore wind power projects would be an important axis in revitalizing the local economy while contributing to creating jobs.   “We hope that the Social Welfare and Voluntary Service Fair was a meaningful event to recognize the efforts of welfare workers and volunteers, as well as provide residents with an opportunity to experience the precious value of sharing,” said BadaEnergy. “We will continue to communicate with local government to support a wide range of activities that meet the needs of the local community and help revitalize the region.”   Buk-gu Mayor Park Cheon-dong said, “I appreciate BadaEnergy for paying more attention to the local community and for participating in this event through donation, which served as a communication platform to reaffirm the true meaning of volunteering and bring local residents together through voluntary activities.”   For the Ulsan Gray Whale floating offshore wind project, which reached a turning point with the completion of its Environmental Impact Assessment (EIA) consultations in July, BadaEnergy is actively communicating with local government and community to build a long-term sustainable business environment, while also striving to forge a mutually cooperative relationship that can contribute to regional development, with the goal of boosting the local economy and creating jobs through offshore wind projects.   Meanwhile, besides the ocean and carbon neutrality education programs for elementary schools in Ulsan, BadaEnergy continues to carry out ESG activities to co-prosper with the local community, including supporting environmental education projects through Community Welfare Center in Ulsan and ChildFund Korea. It is also holding a content contest for college students in Ulsan under the theme of ‘Floating offshore wind projects to co-prosper with the local community’ from March, with an aim to improve the understanding of offshore wind among youths and enhance communication with the local community.     Photo) On the 15th, BadaEnergy’s Gray Whale Project Ulsan Office Lead Yang Gwon-yeol (from left), Consent Lead Jeong Seong-Chae (right), and Buk-gu Mayor Park Cheon-dong (center) are taking commemorative photos after a tea meeting to seek their cooperative measures to contribute to the local community.

  5 Developers of Ulsan Floating Offshore Wind Power reaches Transmission Service Agreement (TSA) for World’s Largest 6GW with KEPCO   [October 10, 2024 – Seoul] The Ulsan Floating Offshore Wind Association announced today that the five developers in the Ulsan Floating Offshore Wind Power Association have signed a Transmission Service Agreement (TSA) for world’s largest 6GW of electricity transmission facilities with Korea Electric Power Corporation (KEPCO). The agreement was signed during a ceremony on October 10th, with KEPCO and the five contracting partners in attendance. The contracting parties are developing five floating offshore wind farms off the coast of Ulsan, including KF Wind (Ocean Winds·Mainstream Renewable Power·Kumyang Electric) 1.125GW, MunmuBaram (Shell·Hexicon) 1.125GW, Haewoori Offshore Wind 1,2,3 (CIP) 1.5GW, Gray Whale Offshore Wind Power 1,2,3 (Corio Generation·TotalEnergies·SK ecoplant) 1.5GW, and Bandibuli Energy (Equinor) 0.75GW.   The agreement between the five developers and KEPCO ensures the connection of a total of 6GW of clean power to the national grid. This will enable the clean energy generated by each floating offshore wind farm to be efficiently transmitted to shore. In particular, the TSA holds significance as each company has secured a commitment from KEPCO to use the transmission network for gigawatt-scale large power generation facilities, several years after obtaining their power generation business permits.   The five developers of Ulsan Floating Offshore Wind Association are aiming to complete grid tapping by the commercial operation date of each project and operate in stages after completing the major milestones required including Power Purchase Agreement for business development. To this end, the companies will focus on optimizing the project development and future operation processes, including permits, design, procurement, construction, and installation.   Austin Park, Chairperson of Ulsan Floating Offshore Wind Association and Project Director for KF Wind said, “This agreement with KEPCO to utilize the transmission facilities marks another significant milestone for our floating offshore wind projects off the coast of Ulsan. We look forward to contributing to achieving Korea’s renewable energy transition goals.”   Kyung-yoon Lee, head of KEPCO’s Busan-Ulsan regional office, said, “The significance of this contract lies in the fact that KEPCO, in cooperation with the developers from the stage of their power generation business permits, closely examined the impact of GW-class offshore wind power generation on the power grid and devised a plan to stably connect it to the power grid.“ He added, “This project will greatly contribute to the realization of our country’s energy transition policy and revitalization of the local economy. Therefore, we plan to actively cooperate so that future projects can be promoted in a timely manner.”   Meanwhile, each developer is actively making progress in the development of their respective sites after achieving approval of their Environmental Impact Assessments, from the Ministry of Environment, Trade and Industry. Upon completion, the Ulsan wind farm cluster is expected to become the world’s largest floating offshore wind area, significantly contributing to Korea realizing its carbon neutral targets as well as fostering offshore wind experts through educational-industrial cooperation, contributing to job creation, and coexisting with the local community throughout the entire development process.    Photo) Five developers in the Ulsan Floating Offshore Wind Power Association have signed a Transmission Service Agreement for 6GW of electricity transmission facilities with Korea Electric Power Corporation, with (from left) Co-Representatives of BadaEnergy Woo-jin Choi, Jung-won Shin, Representative Director of Haewoori Jonathan Spink, Head of KEPCO’s Busan-Ulsan regional office Kyung-yoon Lee, Representative Director of Munmubaram Ju Young-kyu, Project Director for KF Wind Austin Park, and Project Director of Bandibuli Torgeir Nakken in attendance.