- GIG and Total are developing a 500MW floating offshore wind project near Maenggoldo in Jindo-gun, South Jeolla Province. - GIG and Total executed the agreement to fully communicate with stakeholders from the early stage of the offshore wind project development.- The purpose of the agreement is to stipulate in detail how to cooperative and co-prosper with local residents and fishermen. (April 13, 2021) – Green Investment Group (GIG) and Total signed a cooperative agreement with Maenggoldo Villagers Committee (“Committee”) on April 8 to develop a 500MW offshore wind project near Maenggoldo in Jindo-gun, South Jeolla Province.  GIG, a global leading green energy development and investment company, and Total, a broad energy company, are promoting a 500MW offshore wind project in the southwest sea of Maenggoldo in Jindo-gun. GIG and Total (Maenggoldo Offshore Wind Power Co., Ltd.) announced that they executed the agreement to fully communicate with the Committee, the relevant stakeholder, from the very beginning stage of the development. The agreement aims to specifically define the cooperation methodology to develop an offshore wind project that can co-exist with the fisheries.  Lim Cheon-dong, the chairperson of the Maenggoldo Villagers Committee, said “We launched the committee to deliver the opinions of the residents’ of Maenggoldo to the offshore wind developer and actively participate in the development from the initial stage.  GIG and Total are developing floating offshore wind projects with a total 2.5GW capacity, 1.0GW which in South Jeolla Province and 1.5GW in Ulsan. Through the floating offshore wind projects in Korea, GIG and Total plan to revive the country’s stagnant shipbuilding and marine plant industry and contribute to job creation by closely engage with Korean shipyards, heavy industry companies, and associated small and medium-sized enterprises that possess a competitive edge globally.  Photo 1) GIG and Total (Maenggoldo Offshore Wind Power Co., Ltd.) signed a cooperative agreement with Maenggoldo Villagers Committee.Photo 2) GIG and Total (Maenggoldo Offshore Wind Power Co., Ltd.) signed a cooperative agreement with Maenggoldo Villagers Committee. 

08 February 2021 - A 50/50 joint venture between Macquarie’s Green Investment Group (GIG) and Total has been successful in securing rights to a seabed lease in the Eastern Regions zone in the Crown Estate’s Offshore Wind Leasing Round 4.  The project, which will be located off the UK’s East Anglian coast, could deliver up to 1.5 gigawatts (GW) of renewable electricity and represents a significant early-stage investment in the UK offshore wind sector for both companies. It will also: - Support significant employment opportunities and play a critical role in helping the UK meet its ambitious net zero target. - Enable the two partners to expand in the UK, which is Europe's most mature market for offshore wind and provides steady growth perspectives and a clear route-to-market.  Both GIG and Total are global renewable energy developers and investors and bring significant expertise, technical capability, and a track record in successful energy development to the project. GIG has supported almost 50% of the UK’s offshore wind capacity in operation1. Total continues to build up a strong position in offshore wind after its involvement in the 1.1 GW Seagreen project off the east coast of Scotland and in Erebus, a 96 MW floating offshore wind project in the Celtic Sea, leveraging its long-standing industrial activity in the UK. GIG and Total are currently partnering in South Korea to co-develop a major portfolio of floating offshore wind projects. Julien Pouget, Senior Vice President Renewables, Total, said: "Total is delighted to have been awarded 1.5 GW as part of the 4th Round of offshore wind leases from The Crown Estate with our partner GIG. We continue to support the energy transition goals of the UK. This project is our largest renewables development in Europe to date and an important step toward our 2050 net zero ambition. This success builds on our historical expertise in the UK offshore and is paving the way to expansion of our renewable energy offering in the country in line with our strategy of becoming a broad-energy company." Mark Dooley, Global Head of Green Investment Group, said: "With this investment, we’re continuing our pioneering role in the UK’s energy transition, and helping to establish offshore wind as the backbone of its new low-carbon energy system. Building on our track record as one of the country’s largest funders of offshore wind, this represents a significant increase in our commitment to the UK’s offshore wind sector. This adds to our growing portfolio of renewable developments in Europe and grows our global offshore wind development portfolio to over 13 GW."  Total and GIG were awarded this lease for an annual option fee of £83,000 per MW/year, during the development phase. There will now be a Habitat Regulations Assessment (HRA) of the possible impact of the project on relevant nature conservation sites in the allotted area. Following successful conclusion of that process the final agreements for lease will be signed sometime in 2022.   Photo) A wind-measuring LiDAR installed in Ulsan for GIG and Total's Ulsan floating offshore wind farm development project. 

lGIG and Total sign an industrial-academic cooperation agreement with Mokpo National Maritime University to develop a floating offshore wind project in South Jeolla Province.lGIG and Total will deliver lectures about the offshore wind energy, award scholarships to outstanding students, and support internship programs.lGIG and total expect to contribute to the discovery of local talents and regional job creation through industrial-academic cooperation.   (December 4, 2020) GIG and Total today announced on the signing ceremony of an MOU with Mokpo National Maritime University to pursue industrial-academic cooperation in the development of offshore wind project in South Jeolla Province.   Green Investment Group (GIG), a global leading green energy development and investment company, and Total, a broad energy company, are developing multiple floating offshore wind projects in Korea, including the ones in Jindo-gun and Yeosu city in South Jeolla Province. GIG and Total signed the business agreement with Mokpo National Maritime University to nurture local professionals in the field of floating offshore wind and furthermore to contribute to quality job creation in the region, through establishing an industrial-academic cooperative program for the floating offshore wind project.   Under the agreement, GIG and Total plan to deliver lectures about the floating offshore wind energy, award scholarships to outstanding students, and support internship programs. Mokpo National Maritime University will arrange a curriculum on the floating offshore wind and share materials that are necessary for the education and field experience program to operate in a fruitful way.   GIG and Total are sparing no efforts to fulfill the Korean government’s Green New Deal plan of revitalizing local economy and creating jobs through the renewable energy by cooperating with a variety of educational institutions and corporations in the country during the development of floating offshore wind projects.   Meanwhile, GIG and Total have been seeking cooperative development plans in a diversified way with the Korean government and companies, including South Jeolla Province, Hyundai Heavy Industries, and SK E&C, to successfully promote the floating offshore wind projects. Photo 1) GIG and Total signed an MOU with Mokpo National Maritime University to pursue industrial-academic cooperation in the development of floating offshore wind energy.Photo 2) GIG and Total signed an MOU with Mokpo National Maritime University to pursue industrial-academic cooperation in the development of floating offshore wind energy.Photo 3) GIG and Total signed an MOU with Mokpo National Maritime University, both on and offline.Photo 4) GIG and Total signed an MOU with Mokpo National Maritime University, both on and offline. 

lGIG and Total have signed a memorandum of understanding with SK E&C in an effort to seek localization during the development of the floating offshore wind projects in Korea with a total of 2.3GW capacity. lThe deal is expected to make sure that the project is promoted with SK E&C’s expertise in designing, procuring, and constructing of offshore floaters and to contribute to job creation and the revitalization of the local economy.lThey plan to continue enhancing cooperation with Korean companies in shipbuilding, heavy industries, and other sectors. (November 18, 2020) Green Investment Group (GIG) and Total have signed a memorandum of understanding (MoU) with SK Engineering & Construction (SK E&C) and agreed to cooperate for the successful development of floating offshore wind projects. GIG, a global leading green energy development and investment company, and Total, a broad energy company, already forged a partnership last July to jointly develop an initial portfolio of floating offshore wind projects in Korea with a total capacity of 2.3GW based on their respective expertise and experience. SK E&C, a subsidiary of SK Group and the first company in Korea that declared its joining of the RE100, is concentrating its competence on renewable energy development such as fuel cells, solar power, and offshore wind, in accordance with the group’s renewable energy policy. Through this agreement in particular, SK E&C plans to participate in the floating offshore wind projects by utilizing its experience in engineering, procuring, and constructing ocean facilities and ports, including marine floaters, both at home and abroad. GIG is a global investor and developer of green infrastructure assets with a mission to grow and spread the green economy worldwide. Having the world’s first Green Investment Bank (GIB), which was established by the British government in 2021, as its predecessor organization, GIG has contributed greatly to the U.K.'s green growth with investments in almost 50% of the country’s total offshore wind construction and operation capacity. GIG also has a global development pipeline of over 25GW, including 4.5GW of offshore wind development capacity across Asia. Total is a broad energy company and one of the world’s five energy majors that produces and sells fuels, natural gas, and electricity. Together with the community, Total is making active investments in its renewable energy portfolio to become one of the leading players in the renewable energy sector and achieve net zero by 2025. The company now aims to generate 35GW of electricity from renewable energy by 2025. Through the floating offshore wind projects in Korea, GIG and Total plan to revive Korea's stagnant shipbuilding and offshore plant industries and contribute to job creation, while closely cooperating with Korean shipyards, heavy industry businesses, and related small and medium-sized enterprises that have a competitive edge globally. SK E&C has been closely engaged in talks with GIG and Total to promote the floating offshore wind projects in Korea. It plans to lay a foundation for shared and sustainable growth by establishing a 'One Team Operation' system that enables the company to work as one team with its domestic partners in all processes from early business development and equity investment, engineering, planning, fabrication, and construction (EPFC) to operation and maintenance (O&M).  Meanwhile, GIG and Total have been seeking various ways to enhance mutual cooperation for the successful implementation of the floating offshore wind projects with the Korean government and relevant Korean companies such as Ulsan City and Hyundai Heavy Industries.  Photo) GIG and Total have signed an MoU with SK E&C for floating offshore wind projects. From the second from left: Guillaume Le Maréchal, Deputy Project Director of Total Offshore Wind Korea, Lee Hyung-won, eco-energy division head of SK E&C, and Choi Woo-jin, Managing Director at GIG. 

lGIG and Total announce the project implementation status at the International Forum of Ulsan Floating Offshore Wind Farm (FOWF) 2020.lThey seek to establish supply chains for materials, parts and equipment by utilizing shipbuilding and offshore plant infrastructure in Ulsan.lThey plan to create more than 20,000 jobs over 30 years of constructing, maintaining, and operating the 1.5-gigawatt floating offshore wind farm.lThey actively strive to come up with measures to share growth with local fishermen.   (October 27, 2020) – Green Investment Group (GIG), a global leading green energy development and investment company, and Total, a broad energy company, presented the implementation status of their 1.5-gigawatt Ulsan floating offshore wind project at the International Forum of Ulsan Floating Offshore Wind Farm (FOWF) 2020 held at Lotte Hotel Ulsan on October 26.   “The core policy of the Ulsan floating offshore wind project is to revitalize the local economy and create jobs in the region through localization,” Choi Woo-jin, Managing Director of GIG, stressed. “Since floating offshore wind farms are closely related to the shipbuilding and offshore plant industries, we will build supply chains for materials, parts, and equipment and therefore form a floating offshore wind farm cluster in Ulsan by utilizing the shipbuilding and offshore plant infrastructure already established in the region.”    The floating offshore wind project is also expected to create a lot of jobs. “The construction, maintenance and operation of floating offshore wind farms require numerous experts in marine, wind power, electricity, and finance for three decades,” said Choi. "The 1.5-gigawatt offshore wind project promoted by GIG and Total is estimated to create a total of 21,837 jobs.”   GIG and Total are carrying out the three-phased project to build a floating offshore wind farm with a total capacity of more than 1.5 gigawatts located 60 kilometers away from Ulsan Port (the former Donghaejeong sea dumping site). According to the data presented by GIG, the company conducted a preliminary feasibility study for the project and selected the project area in 2018 and signed a memorandum of understanding (MoU) with Ulsan Metropolitan City for the project in January 2019. It also signed a co-prosperity agreement with local fishermen in April 2020 and installed three floating remote-sensing wind measuring equipment (LiDAR) for a total of three months from April to June to start collecting wind-related data, targeting for the commencement of construction of the first 500-MW phase by the end of 2023.    GIG and Total also announced that it is making active efforts to come up with ways to ensure that the floating offshore wind farm and fishermen can coexist while promoting the project. Choi emphasized the importance of fishermen, saying, “Fishermen are not the objects of the project, but the ‘partners of the project’.” The two companies added that they are considering programs where they can work with the fishermen in various areas, such as the fishermen’s participation in the project, hiring preference for their children, compensation for fishing losses, development funds, support for changing fishing methods, and establishment of fish farms.   Meanwhile, GIG and Total signed an agreement last September to jointly develop an early-stage portfolio for floating offshore wind projects with a total capacity of 2.3 gigawatts in Korea, including the 1.5-gigawatt in Ulsan.   “We have long been working with Korean shipyards and are truly delighted to be able to use the relationship to participate in the offshore wind projects in Korea,” said Julien Pouget, Senior Vice President Renewables at Total, in a video message at the forum. “Total has an ambitious target of adding 10-gigawatt renewables capacity every year by 2030 and operating a total of 35-gigawatt renewable energy assets by 2025. We believe we can support the development of the offshore wind field based on the expertise that we have accumulated offshore in the oil and gas sectors.”   The FOWF 2020 is a forum designed by Ulsan Metropolitan City and the Korea Wind Energy Industry Association (KWEIA) to share the policies and technical information on the floating offshore wind industry. "Ulsan aims to respond to the national energy policy and contribute to regional job creation by constructing floating offshore wind farms, in line with the 'Korean Green New Deal' and the 'Renewable Energy 3020 Implementation Plan' announced by the government in July this year.” said Ulsan Mayor Song Cheol-ho through the forum's official website. “We have prepared the forum to provide private investors who develop offshore wind farms and companies wishing to participate in the development projects with an opportunity to establish a business-to-business (B2B) network.” The forum will be held from October 26 to 28 at Crystal Ballroom on the second floor of Lotte Hotel Ulsan. Photo 1) GIG and Total, presented the implementation status of their 1.5-gigawatt Ulsan floating offshore wind project at FOWF 2020 held at Lotte Hotel Ulsan on October 26.Photo 2) GIG and Total, presented the implementation status of their 1.5-gigawatt Ulsan floating offshore wind project at FOWF 2020 held at Lotte Hotel Ulsan on October 26.Photo 3) GIG and Total, presented the implementation status of their 1.5-gigawatt Ulsan floating offshore wind project at FOWF 2020 held at Lotte Hotel Ulsan on October 26.