- GIG and Total to develop a portfolio of floating offshore wind projects in Korea.  - They plan to jointly develop an initial portfolio of five projects, totaling 2.3GW of capacity.- The portfolio will support the delivery of the Korean Government’s Green New Deal plan and target to deliver 12 GW of offshore wind by 2030. (September 1, 2020) – Green Investment Group (GIG), a global leading green energy development and investment company, signed a series of agreements to co-develop an initial 2.3 GW portfolio of floating offshore wind projects in Korea. The portfolio consists of five projects - three in Ulsan totaling 1.5 GW and two in South Jeolla Province totaling 800 MW.  Subject to the completion of regulatory approvals and satisfaction of other conditions precedent, the partners aim to start co-development activities in the autumn of 2020. GIG has already commenced a comprehensive wind data collection campaign to support the portfolio, and the first 500 MW phase of the Ulsan project is targeting commencement of construction by the end of 2023.  GIG is a leading global investor and developer of green infrastructure assets with a mission to accelerate the green transition. To date, GIG has supported 16 offshore wind projects representing almost 5.5 GW of capacity in construction and operations. GIG also has a global development pipeline of over 25 GW, including 4.5 GW of offshore wind development capacity across Asia.  GIG played a key role in the development and delivery of Taiwan’s first commercial scale offshore wind farm, Formosa 1, and is now using that expertise to deliver the Formosa 2 and 3 projects. The Ulsan projects in Korea were the first floating offshore wind developments in GIG’s global pipeline, and demonstrate GIG’s commitment to the growth of next generation technologies and frontier markets.  Total is a broad energy company and has been active in South Korea for more than 30 years. With 5 GW of operational renewable energy capacity worldwide, Total is in a leading position among the energy majors in relation to the energy transition. The group has strong ambitions for further growth in low carbon energies and targets the acquisition of 25 GW of renewable generation capacity by 2025.  GIG and Total’s floating offshore wind portfolio will play a significant role in the delivery of South Korea’s ambitious renewable energy targets. To reduce the country’s heavy reliance on nuclear and coal imports, the government’s RE3020 plan promotes an aggressive increase in its green energy capacity, with a particular focus on offshore wind and associated job creation. The plan targets the delivery of 12 GW of offshore wind capacity by 2030.  The partnership will also focus on maximizing Korean content within the supply chain, in line with the government’s ‘New Deal’ plan, which targets the creation of 1.9 million new jobs through green energy and other new technologies. GIG has signed an MoU with Ulsan City and 18 organizations including local manufacturers HESI and Unison, Korea East-West Power, KEPCO-ENC, and a number of R&D organizations including Ulsan Techno Park and Ulsan University. The MoU commits the parties to cooperation on activities that will promote floating offshore wind in Ulsan, develop local technologies and create new jobs.  “Thanks in large part to the country’s world-class shipbuilding and marine plant infrastructure, GIG and Total see significant opportunities for floating offshore wind in Korea. We are committed to working with Korean companies and the local workforce as much as possible in order to support the Korean government's Green New Deal plan, revitalize the economy and support jobs through Korea’s green transition,” GIG Global Head Mark Dooley said.  “South Korea benefits from a unique set of competencies and assets to become one of the leading players in the floating offshore wind sector,” said Julien Pouget, Senior Vice-President Renewables at Total. “Total and GIG's combined expertise and resources will contribute to the success of this strategy and help curb down the country's carbon emissions, in line with our net zero ambition.” Photo 1) The 714MW East Anglia ONE, of which development and operation GIG participated in. The offshore wind farm located 43 kilometers off the coast of Suffolk, U.K. has 102 turbines that generate electricity sufficient enough to supply to 630,000 households. Photo 2) The 714MW East Anglia ONE, of which development and operation GIG participated in. The offshore wind farm located 43 kilometers off the coast of Suffolk, U.K. has 102 turbines that generate electricity sufficient enough to supply to 630,000 households.Photo 3) GIG played a key role in the development of Formosa 1, Taiwan's first commercial offshore wind farm.  

- GIG donated gift boxes containing stationery for children at the Ulsan Nam-gu Community Welfare Center in partnership with the ChildFund Korea.- GIG will continuously provide support for children and local community, following improvement project of children’s classroom in February.     (May 6, 2020, Ulsan) Green Investment Group (GIG), a global leading green energy development and investment company, donated gift boxes containing stationery to the Ulsan Nam-gu Community Welfare Center in partnership with the ChildFund Korea, celebrating Children’s Day on May 5. This is second time since the company has provided support to improve children’s classrooms at the welfare center in February.    GIG Korea employees visited the Ulsan Nam-gu Community Welfare Center with staffs at the ChildFund Korea on April 28 and handed out wrapped gift boxes containing stationery and school suppliers to underprivileged children at the center suffering from the COVID 19 impact. The Ulsan Nam-gu Community Welfare Center provides comprehensive social welfare services – protection education, culture and emotional support – for children and adolescents under the age of 18 who are in need of care after school in the region.    “I’m very grateful to GIG Korea employees and ChildFund Korea staffs for preparing gifts filled with love and I was impressed by those wrapping gift packages for disadvantaged children amid the worsening COVID-19 pandemic,” said Oh Se-geol, Director of the Ulsan Nam-gu Community Welfare Center.    “I'm glad the company was able to contribute to our neighbors as part of local community, hoping that children would overcome the difficulties from COVID-19 pandemic without losing hope and smile. GIG will be dedicated to supporting local communities by implementing various programs to help local residents and communities,” said managing director of GIG Korea Choi Woo-jin, in charge of the GIG's floating offshore wind project in Ulsan.   GIG is currently promoting a 1.5 GW floating offshore wind project located off the coast of Ulsan Korea.Photo 1) GIG Korea donated gift boxes containing stationery to the Ulsan Nam-gu Community Welfare Center in partnership with the ChildFund Korea, celebrating Children’s Day on May 5. Photo 2) GIG Korea donated gift boxes containing stationery to the Ulsan Nam-gu Community Welfare Center in partnership with the ChildFund Korea, celebrating Children’s Day on May 5.Photo 3) GIG Korea donated gift boxes containing stationery to the Ulsan Nam-gu Community Welfare Center in partnership with the ChildFund Korea, celebrating Children’s Day on May 5. Employees at GIG Korea and ChildFund Korea were wrapping gift boxes for children in the photo provided by GIG Korea.  

 -       To create a stable nurturing and development environment by improving learning environment of after-school programs for the children in low-income families-       To motivate the children and offer them enhanced learning opportunities through the improvement of educational facilities in functionally obsolete condition, including heating system, wallpaper, and window frames   (February 12, 2020, Ulsan) Green Investment Group (GIG), a global leading green energy development and investment company, announced that it supported the improvement project of learning environment of the Ulsan Nam-gu Community Welfare Center, in partnership with the ChildFund Korea.   The Ulsan Nam-gu Community Welfare Center has been running the after-school class to offer educational programs on various subjects, at low cost or without charge, to approximately one hundred children from low-income families who have a desire to learn but find it hard to have the opportunity due to financial difficulties. GIG Korea employees raised more than KRW 13 million for charity and donated it to the welfare center to improve the conditions of the facilities in piano and art classrooms that could hamper learning environment, including the old wallpaper, windows, and heating system, thereby offering the children enhanced educational opportunities as well as helping them gain physical and emotional stability.   Oh Se-geol, Director of the Ulsan Nam-gu Community Welfare Center, said “We provide after-school programs to the children in low-income families, the reality is that educational environment is poor with obsolete facilities due to limited resources. Support from private companies is of great help for the children to receive education in a stable environment and result in advanced academic accomplishments.”   Choi Woo-jin, Director of GIG Korea promoting the Ulsan floating offshore wind development, said “GIG’s support for the environment improvement project is meaningful not only to the children’s education but to the protection of their rights to be taken care of in a safe and clean environment even during after-school hours. GIG will continue to explore and execute various support measures to make a constant contribution as a member of the local community.”   GIG Korea is promoting the development of the country’s first floating offshore wind farm with an installed capacity of 1.5GW off the coast of Ulsan City. Photo 1) GIG supports improvement project of learning environment for children in low-income families at the Ulsan Nam-gu Community Welfare Center. Director Oh Se-geol of the Ulsan Nam-gu Community Welfare Center on the left, Director Choi Woo-jin of GIG on the right.Photo 2) GIG supports improvement project of learning environment for children in low-income families at the Ulsan Nam-gu Community Welfare Center. 

 -       Green Investment Group (GIG) installs Korea’s first floating LiDAR system.-       The LiDAR will collect wind resource data and its installation marks a critical step in the development of GIG’s first offshore wind project in South Korea, located off the coast of Ulsan City.-       The project will contribute to the local economic development of Ulsan and support the South Korean Government’s - ‘Renewable Energy 3020 Implementation Plan’. (June 10, 2019) Green Investment Group (GIG), a global leading green energy development and investment company, announced that that it has completed the installation of Korea’s first floating LiDAR. The installation of the LiDAR is one of the first critical steps in the development of GIG’s first Korean offshore wind farm located about 60 kilometers east of Seosang-myon, Ulju-gun, Ulsan City.  GIG is a major global green energy investor and developer, dedicated to accelerating the growth of the global green economy. With over 350 green energy specialists working across the globe GIG is home to one of the world’s largest teams of specialist green investors.  GIG is a leading investor in offshore wind having provided capital to 15 offshore wind projects totaling over 4.5 GW of capacity across the globe, including 50% of the UK’s operational offshore wind capacity and Taiwan’s first commercial-scale offshore wind farm. This deep experience provides GIG with a unique insight and perspective on wind farm development, construction, operations and maintenance.  The Ulsan project is a 1.4 GW offshore wind project, which is being progressed in three separate phases. Development of the first 400 MW phase is targeted for completion in 2022.  The LiDAR is a wind resource assessment device which will collect data on the site of the wind farm to help determine its suitability for development. It will collect critical data relating to wind speed and direction which will support GIG in designing the project and evaluating its influence on the environment, ecosystem and fishing industry. The LiDAR assessment period will last approximately two years, during which time detailed project plans will continue to be developed in collaboration with stakeholders and related organisations.  While floating LiDAR systems are commonly used across Europe and other advanced offshore wind markets this is first time it has been used in Korea for a commercial offshore wind farm.  GIG is committed to maximising the local economic impact of the development and is actively seeking the participation of local companies and academics. Korea Maritime University, Zen Limited and Vision Plus are currently working with the project, managing the design and stability testing of berthing facilities, installation and operations.  GIG has also recently signed a Memorandum of Understanding (MOU) with Energy Infra Asset Management, a KRW 2 trillion Korean renewable energy fund manager. Through the MoU, the partners will work together to successfully deliver the Ulsan offshore wind project and support the South Korean Government’s Renewable Energy 3020 Implementation Plan. The 3020 plan aims to produce 20% of South Korea’s energy from renewable sources by 2030 and support the growth of its clean energy industry.  “I’m delighted to launch Korea’s first ever floating LiDAR system - a significant milestone in the development of our project and Korea’s burgeoning offshore wind market. With its access to steel, ships, offshore plant expertise and port logistics, Ulsan city is perfectly positioned to deliver a fantastic offshore wind farm,” said Choi Woo-jin, Associate Director leading the Ulsan development, “GIG is a leading global expert in offshore wind having supported over 4.5 GW of offshore wind capacity since 2013. Our ambition is for the Ulsan project to contribute to local economic development, revitalize local industries, create jobs and support the South Korean Government’s Renewable 3020 plan.” Photo 1) GIG has completed the installation of Korea's first commercial floating LiDARs for the Ulsan floating offshore wind farm project.  Photo 2) GIG has completed the installation of Korea's first commercial floating LiDARs for the Ulsan floating offshore wind farm project.Photo 3) A wind-measuring LiDAR installed 46 kilometers east of Onsan Port in Ulsan for the Ulsan floating offshore wind farm development project.